INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Healthcare Services ...
May 10 2019 - 8:35PM
Business Wire
The law firm of Kirby McInerney LLP announces that a class
action lawsuit has been filed in the U.S. District Court for the
Eastern District of Pennsylvania on behalf of those who acquired
Healthcare Services Group, Inc. (“Healthcare Services Group” or the
“Company”) (NASDAQ: HCSG) securities during the period from April
11, 2017 to March 4, 2019 (the “Class Period”). Investors have
until May 21, 2019 to apply to the Court to be appointed as lead
plaintiff in the lawsuit.
The lawsuit alleges that Healthcare Services Group engaged in a
scheme to deceive the market by misrepresenting the value of the
Company’s business and prospects by overstating its earnings and
concealing the significant defects in its internal controls.
On March 4, 2019, the Healthcare Services Group disclosed that
it would delay the release of its annual report on Form 10-K with
the SEC. The Company admitted that it received a letter and
subpoena from the SEC asking questions about how the Company
calculates its EPS. On this news, shares of Healthcare Services
Group fell $4.96 per share, or 13.14%, to close at $32.78 on March
4, 2019.
If you acquired Healthcare Services Group securities during the
Class Period, have information, or would like to learn more about
these claims, please contact Thomas W. Elrod of Kirby McInerney at
212-371-6600, by email at investigations@kmllp.com, or by filling
out this contact form, to discuss your rights or interests with
respect to these matters without any cost to you.
Kirby McInerney is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, and whistleblower
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20190510005511/en/
Kirby McInerney LLPThomas W. Elrod, Esq., (212)
371-6600investigations@kmllp.comwww.kmllp.com
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