Healthcare Services Group, Inc.

Did You Acquire Healthcare Services (HCSG) Before April 11, 2017? Should Management be Held Accountable for Investors Losses? Contact Johnson Fistel

SAN DIEGO, October 29, 2020 (PRNewswire)

Johnson Fistel, LLP is investigating potential claims on behalf of Healthcare Services Group, Inc. (NASDAQ: HCSG) (“Healthcare Services”) against certain of its officers and directors.

Specifically, a class action lawsuit was filed in federal court last year against the Company on behalf of purchasers of the securities of Healthcare Services between April 11, 2017 through March 4, 2019 (the “Class Period”). According to the lawsuit, defendants throughout the Class Period made false and misleading statements and failed to disclose that: (1) Healthcare Services’ CEO either knew or was reckless in not knowing that Healthcare Services had been accused of strategically rounding quarterly earnings per share, and therefore investors could not rely upon the Company’s track record without a thorough investigation into the allegations; (2) defendants concealed that the SEC had written to Healthcare Services in November 2017 to inquire into the Company’s earnings per share rounding practices; and (3) Healthcare Services concealed that the SEC delivered a subpoena to the Company in March 2018 demanding the production of documents in connection with how Healthcare Services calculated earnings per share. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you are a long-term shareholder of Healthcare Services continuously holding shares before April 11, 2017, you may have standing to hold Healthcare Services harmless from the alleged harm caused by the officers and directors of the Company by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing.

If you are interested in learning more about the investigation, please contact Jim Baker ([email protected]) at 619-814-4471. If you email, please include your phone number.

Additionally, you can [Click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]

[Click here to join this action]

  • Plaintiff certifies that:
    • 1. Plaintiff did not acquire the security that is the subject of this action at the direction of plaintiff's counsel or in order to participate in this private action or any other litigation under the federal or state securities laws.
    • 2. Plaintiff is willing to serve as a representative party, including providing testimony at deposition and trial, if necessary.
    • 3. Plaintiff represents and warrants that he/she/it is fully authorized to enter into and execute this certification.
    • 4. If a class action is filed, Plaintiff will not accept any payment for serving as a representative party on behalf of a class beyond the Plaintiff's pro rata share of any recovery, except such reasonable costs and expenses (including lost wages) directly relating to the representation of the class as ordered or approved by the court.
    • 5. For purposes of a class action, Plaintiff has made no transaction(s) during the Class Period in the debt or equity securities that are the subject of this action except those set forth below:
  • Acquisitions (include: date shares were acquired, number of shares acquired, and acquisition price per share. Separate each item with a comma. For multiple acquisitions, separate each acquisition with a new line):
  • Sales (include: date shares were sold, number of shares sold, and selling price per share. Separate each item with a comma. For multiple sales, separate each sale with a new line.):
  • During the three years prior to the date of this certification, Plaintiff has not sought to serve or be served as a representative party for a class in an action filed under the federal securities law except if detailed below:

Click to view Retention Agreement