BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf Addus HomeCare Corporation (“Addus” or the “Company”) (NASDAQ: ADUS) investors concerning the Company and its officers’ possible violations of federal securities laws.
On February 27, 2020, after the market closed, Addus reported that it could not timely file its fiscal 2019 annual report because the Company needed “additional time . . . to complete the valuation of a non-cash implicit price concession related to revenue and accounts receivable, including the periods to which it relates, and to perform the related internal controls assessment.”
On this news, Addus’s stock price fell $13.82 per share, or nearly 15%, to close at $76.27 per share on February 28, 2020, thereby injuring investors.
If you purchased Addus securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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