Lead Plaintiff Deadline is May 21, 2019, March 27, 2019 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action
lawsuit has been filed against Healthcare Services Group Inc. (“Healthcare” or the “Company”) (Nasdaq: HCSG) in the United States
District Court for the Eastern District of Pennsylvania on behalf of those who purchased or acquired the securities of the Company
between April 11, 2017 and March 4, 2019, inclusive (the “Class Period”).
Investors who purchased shares of Healthcare Services Group Inc. are urged
to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information
concerning the action on our website www.whafh.com.
If you have incurred losses in the shares of Healthcare Services Group Inc., you may,
no later than May 21, 2019, request that the Court appoint you lead plaintiff of the proposed
class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Healthcare Services Group
Inc.
## Follow the firm and learn about newly filed cases on Twitter and Facebook. ##
The filed Complaint alleges that Defendants misled investors by strategically rounding up the Company's earnings
per share ("EPS") metric for over a decade. In addition, it is alleged that throughout the Class Period, the Company artificially
inflated the price of its securities by misrepresenting the value of the Company’s business and prospects, by overstating its
earnings, and by concealing significant defects in its internal controls.
The Complaint alleges that the truth was revealed to shareholders on March 4, 2019, when the Company revealed
that it had received a letter in November 2017 from the United States Securities and Exchange Commission (“SEC”) regarding an
inquiry that the SEC was conducting into EPS calculation practices and requesting that the Company voluntarily provide certain
information and documents.
The Company also revealed that, during the fourth quarter of 2018, the Company authorized its outside counsel to
conduct an internal investigation, under the direction of the Company’s Audit Committee, into matters related to an SEC
subpoena which the Company had received, and that the Company was unable to file its Annual Report on SEC Form 10-K for the year
ended December 31, 2018 on time.
On March 4, 2019, Defendants announced that the SEC had been investigating the Company's Earnings per Share
(EPS) rounding and reporting practices since November 2017. On this news, the Company’s stock price fell $4.96 per share, or
13.14%, to close at $32.78.
Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of
securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The
firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of
this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major
positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case,
please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774
Attorney Advertising. Prior results do not guarantee or predict a similar outcome.
