So far, 2017 has been an eventful year for the senior housing industry. In the first week of the new year, the stories dominating industry headlines included a $9.5 million EB-5 fraud scheme, C-suite changes at health care real estate investment trust (REIT) Welltower (NYSE: HCN) and the prospect of shattering existing glass ceilings in […]
Securities and Exchange Commission
Senior housing real estate investment trusts (REITs) associated with Griffin Capital, NorthStar Asset Management Group and other organizations could face dramatic new restrictions under a proposed Department of Labor rule, the fate of which could be decided in the near future. With time running out on the federal budget’s Friday deadline, some lawmakers have hinted they may […]
Laurie Bebo, former CEO of Assisted Living Concepts Inc., has been ordered to pay $4.2 million in civil penalties for violating the Securities and Exchange Act by administrative law judge Cameron Elliot. The initial decision concludes a long-fought battle against Bebo after the Securities and Exchange Commission filed suit against her last year. The decision also […]
In the latest drama in the ongoing story of former Assisted Living Concepts CEO Laurie Bebo, the fired executive has filed a lawsuit against the company for $900,000 in attorney fees and other expenses she incurred as a result of defending herself in a federal civil case and a lawsuit against the U.S. Securities and […]
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