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NEWTOWN SQUARE, Pa., May 20, 2019 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Healthcare Services Group, Inc. (HCSG) (“Healthcare Services” or the “Company”) on behalf of investors who purchased shares of the Company’s common stock between April 11, 2017 and March 4, 2019, inclusive (the “Class Period”).
Current or former Healthcare Services investors who suffered an investment loss in excess of $100,000 are encouraged to immediately contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740 to discuss this action and their legal rights and options. Additional information may also be found at http://kaskelalaw.com/case/healthcare-services-group-inc/.
On March 4, 2019, Healthcare Services disclosed, among other things, that it had “received a letter in November 2017 from the Securities and Exchange Commission (the ‘SEC’) regarding an inquiry that the SEC is conducting into earnings per share (‘EPS’) calculation practices and requesting that the Company voluntarily provide certain information and documents relating to its EPS rounding and reporting practices.” Further, the Company reported that it had “also received a subpoena in March 2018 from the SEC in connection with these matters.”
Following these disclosures, shares of the Company’s stock declined $4.96 per share, or over 13% in value, to close on March 4, 2019 at $32.78 per share, on heavy trading volume.
IMPORTANT DEADLINE: Investors who purchased Healthcare Services’ common stock during the Class Period may, no later than May 21, 2019, seek to be designated as a lead plaintiff representative of the class.
Investors are encouraged to contact Kaskela Law LLC in advance of the deadline to discuss this action and their legal rights and options. Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
(888) 715 – 1740