NEW YORK--(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.
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