Healthcare Services Group, Inc. (NASDAQ: HCSG)
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Hagens Berman Sobol Shapiro LLP reminds investors in Healthcare Services Group, Inc. (NASDAQ: HCSG) of the May 21, 2019 Lead Plaintiff Deadline in the securities class action pending in the United States District Court for the Eastern District of Pennsylvania.
If you purchased or otherwise acquired securities of HCSG between April 11, 2017 and March 4, 2019 and and suffered losses you do not need to sign up to be included in the putative class of investors. If you suffered losses in excess of $50,000, you may qualify to be a lead plaintiff – one who selects and oversees the attorneys prosecuting the case. If you wish to serve as a lead plaintiff in this class action contact Hagens Berman Sobol Shapiro LLP. For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing HCSG@hbsslaw.com.
According to the complaint, Defendants misled investors by strategically rounding up the Company’s earnings per share (“EPS”) metric for over a decade.
On March 4, 2019, Defendants announced the SEC has been investigating the Company’s EPS rounding and reporting practices since November 2017.
This news drove the price of Healthcare Services Group shares sharply lower that day to close at $32.78.
“We’re focused on investors’ losses, whether Defendants improperly rounded up the Company’s reported EPS and, if so, the extent to which investors may have been misled,” said Hagens Berman partner Reed Kathrein.
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