The
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against Healthcare
Services Group, Inc. (“Healthcare Services” or “the Company”) (NASDAQ: HCSG)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.
Investors who purchased the Company's shares between April 11, 2017 and
March 4, 2019, inclusive (the "Class Period"), are encouraged to contact
the firm before May 21, 2019.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm's website at www.schallfirm.com,
or by email at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading
statements to the market. Healthcare Services knew or recklessly failed
to understand that the Company was accused of manipulating quarterly
earnings per share, which meant shareholders could not rely on the
Company’s historical performance until an investigation into these
allegations was complete. In fact, Healthcare Services concealed from
the public that the SEC had written a letter to the Company in November
2017 inquiring into the Company’s practice of rounding its earnings per
share. The Company also concealed an SEC subpoena delivered in March
2018 which demanded documentation of its earnings per share
calculations. Based on these facts, the Company’s public statements were
false and materially misleading throughout the class period. When the
market learned the truth about Healthcare Services, investors suffered
damages.
Join
the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
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