NEW YORK--(EON: Enhanced Online News)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of HMS Holdings Corp. (NASDAQ:HMSY) resulting from allegations that HMS Holdings may have issued materially misleading business information to the investing public.
“continuing to evaluate whether this issue affects its consolidated financial results, primarily focusing on prior periods in which revenue relating to the CMS business was recorded.”
On March 2, 2017, HMS Holdings revealed during aftermarket hours that it would not file its fiscal year 2016 Form 10-K on time and that HMS Holdings’ auditor believes it has identified a material weakness in HMS Holdings’ internal controls over financial reporting related to CMS reserves. HMS Holdings also disclosed that it is “continuing to evaluate whether this issue affects its consolidated financial results, primarily focusing on prior periods in which revenue relating to the CMS business was recorded.” On this news, shares of HMS Holdings fell sharply during intraday trading on March 3, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by HMS Holdings investors. If you purchased shares of HMS Holdings on or before March 2, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1070.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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