NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24HCSG&src=ctag” target=”_blank”gt;$HCSGlt;/agt; lt;a href=”https://twitter.com/hashtag/classaction?src=hash” target=”_blank”gt;#classactionlt;/agt;–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 [email protected],
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.
Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq., (212) 371-6600
[email protected]
www.kmllp.com
