Sunrise fires CFO, Ventas sues HCP
Sunrise Senior Living Inc. said Thursday it fired its chief financial officer, Bradley B. Rush, for cause.This comes a week after the company suspended Rush with pay. Sunrise, which has been accused of insider trading and other financial wrongdoing, last year appointed an independent board to look into the allegations.
In related news, Ventas Inc., which recently completed its purchase of Sunrise Senior Living Real Estate Investment Trust, is suing Health Care Property Investors Inc. HCP launched a competing bid for the Sunrise REIT, an affiliate of Sunrise Senior Living.