SHAREHOLDER ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against HMS Holdings Corp. and Reminds Investors with Losses to Contact the Firm
IRVINE, Calif., April 03, 2017 (GLOBE NEWSWIRE) -- Khang & Khang LLP (the “Firm”) announces a class action lawsuit against HMS Holdings Corp. (“HMS” or the “Company”) (Nasdaq:HMSY). Investors who purchased or otherwise acquired shares between May 10, 2016 and March 2, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm before the May 2, 2017 lead plaintiff motion deadline.
If you purchased shares of HMS during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at joon@khanglaw.com.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
On March 2, 2017, HMS announced it would delay the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2016. The Company stated it needed additional time in order to “complete documentation related to the Company’s previously disclosed review of its CMS reserves and related internal controls over financial reporting. In this regard, the Company’s auditor has informed the Company that it has identified what it believes is a material weakness in the Company’s internal controls over financial reporting related to the CMS reserves.” When this information was made public, shares of HMS fell in value, thus causing investors harm.
If you wish to learn more about this lawsuit, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in certain jurisdictions.
Contact Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 joon@khanglaw.com
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