NEWTOWN SQUARE, Pa., March 27, 2019 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Healthcare Services Group, Inc. (Nasdaq: 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”).
IMPORTANT DEADLINE: Investors who purchased Healthcare Services’ common stock during the Class Period may, no later than May 21, 2019, seek to be appointed as a lead plaintiff representative of the investor class.
For additional information about this action, or to learn how to participate in this action, please visit 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%, to close on March 4, 2019 at $32.78 per share, on heavy trading volume.
Healthcare Services’ investors who suffered a financial loss in excess of $50,000 as a result of the above are encouraged to immediately contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740 to discuss their legal rights and options with respect to this action.
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.
CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
(888) 715 – 1740
www.kaskelalaw.com
skaskela@kaskelalaw.com