Replies to post #29 on Skilled Healthcare Group. INC (SKH)

[**SinGGuy**]

Thanks for the info. Will hold & wait for it !!!

[**SinGGuy**]

Its going down again :( ....

[**SinGGuy**]

Skilled Healthcare Group Agrees to a Mutual Standstill in Humboldt County
FOOTHILL RANCH, Calif., July 15, 2010 /PRNewswire via COMTEX/ --

Skilled Healthcare Group, Inc. (NYSE: SKH) today reported that the Company has agreed to a stipulation with the other parties to the case entitled Vinnie Lavender, by and through her Conservator, Wanda Baker; Walter Simon; Jacquelyn Vilchinsky vs. Skilled Healthcare Group, Inc., et al. (and 22 individually-named California nursing facilities receiving administrative services from Skilled Healthcare, LLC). Pursuant to the stipulation, the parties have agreed to stay all proceedings in the litigation to pursue mediation. The stipulation is subject to approval by the Humboldt County Superior Court of California, and is scheduled to be submitted to the judge there on July 15, 2010.


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Among other things, from the date of the stipulation through August 9, 2010 at 8:30 a.m. Pacific Daylight Time, the plaintiffs in the litigation have agreed not to seek any relief to convert the previously announced jury verdict in the litigation to a judgment, nor to seek to attach, obtain an interest in or obtain control over the Company's (or any other of the defendants') property. During that same time period, the Company and other defendants have also agreed not to transfer or otherwise impair their assets outside of bankruptcy, other than in the ordinary course of their respective businesses, and not to file a voluntary petition for relief in any United States Bankruptcy Court.