Investigation Overview
April 29, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of Capital Senior Living Corporation (NYSE:CSU) concerning whether certain Capital Senior Living officers and directors possibly breached their fiduciary duties in connection with certain statements was announced.
The investigation by a law firm concerns whether certain Capital Senior Living officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Capital Senior Living Corporation reported that its that its annual Total Revenue rose from $310.54 million in 2012 to $350.36 million in 2013 while its respective Net Loss increased from $3.12 million to $16.50 million. Shares of Capital Senior Living Corporation (NYSE:CSU) grew from $6.01 per share in August 2011 to as high as $26.66 per share in March 2013.
On April 29, 2014, NYSE:CSU shares closed at $24.67 per share.