Item 8.01 Other Events
On August 29, 2012, a putative securities class action lawsuit was filed against
Assisted Living Concepts, Inc. (the "Company") and Laurie A. Bebo on behalf of
individuals and entities who allegedly purchased or otherwise acquired the
Company's Class A Common Stock between March 12, 2011 and August 6, 2012. The
complaint, which has not yet been served on the Company, is captioned Robert E.
Lifson, Individually and On Behalf of All Others Similarly Situated, v .
Assisted Living Concepts, Inc. and Laurie A. Bebo, 2:12-cv-00884, and was filed
in the United States District Court for the Eastern District of Wisconsin. The
lawsuit seeks damages and other relief for alleged violations of Section 10(b)
of the Securities Act of 1934, as amended, and Rule 10b-5 promulgated
thereunder. The allegations relate to disclosures made by the Company pertaining
to the Company's former lease with Ventas Realty, Limited Partnership. The
Company intends to vigorously defend itself against these claims.
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