NEW YORK, March 02, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Addus HomeCare Corporation (“Addus” or the “Company”) (NASDAQ: ADUS). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 7980.
The investigation concerns whether Addus and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On February 27, 2020, after the market closed, Addus announced that it would not timely file its Annual Report on Form 10-K for the year ended December 31, 2019. Specifically, Addus stated that it 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 14.83%, to close at $76.27 per share on February 28, 2020.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
888-476-6529 ext. 9980