Judge Blocks Nursing Home Investor's Shield from Lawsuits

A U.S. bankruptcy judge has ruled against a major nursing home investor. The investor sought legal protection from financial liability. The investor is the primary backer of a large nursing home chain. That chain is currently in bankruptcy proceedings. The judge's decision stops the investor from shielding his personal assets. This is important for families who have filed lawsuits. They allege their loved ones received poor care at the chain's facilities. The ruling means these families can continue to seek financial settlements directly from the investor. Legal experts say the decision is a significant check on attempts to limit liability. It ensures that deep-pocketed investors can be held accountable. The case continues as the nursing home chain works through bankruptcy.