Specifically, Ventas Realty alleges that Assisted Living's receipt of notices of intent to revoke permits from state regulators with respect to its licenses to operate three assisted living facilities in Georgia and Alabama subject to the lease constitutes a violation of the lease. Then on August 7, 2012, Assisted Living disclosed in a regulatory filing that on August 2, 2012, the SEC is conducting an inquiry linked to the company and had issued a subpoena requiring the Company to produce documents on topics such as compliance with occupancy covenants in the lease with Ventas Realty and leasing of units for employee use. On August 7, 2012, shares of the Company fell 26.74% to close at $7.89 per share on extremely heavy trading volume. No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email.