Harwood Feffer LLP Announces Investigation of Addus HomeCare Corporation
NEW YORK, March 27, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Addus HomeCare Corporation ("Addus" or the "Company") (NASDAQ: ADUS), concerning whether the board has breached its fiduciary duties to shareholders and/or whether it or the Company violated federal securities laws.
On March 13, 2014, the Company disclosed that it had had found various material weaknesses in its internal controls as a result of audits it conducted to comply with the requirements of Section 404 of Sarbanes-Oxley Act of 2002 to which it had become subject as of the end of the second quarter 2013. More specifically, the Company explained: "The Corporation believes material weaknesses in internal controls over financial reporting existed as of December 31, 2013, principally related to general controls over its information technology, including user access and change management activities and to overall controls related to its payroll system and related processes."
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Addus shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Peter W. Overs, Jr., Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP