NEW YORK, Nov. 20, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Quality Systems, Inc. ("Quality Systems" or the "Company") (NASDAQ: QSII). Such investors are advised to contact Lesley F. Portnoy at email@example.com or 888-476-6529, ext. 223.
The investigation concerns whether Quality Systems and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934
On July 26, 2012, a mere three days after the Company affirmed its prior guidance, the Company suddenly announced that its earnings per share had precipitously declined and, as a result, it was retracting its guidance. Quality Systems disclosed that, compared to the year-ago quarter, its net income had declined 18% and its EPS had declined 19%, and thus, it was "not affirming our previous guidance nor providing revised guidance."
On this news, shares of Quality Systems fell from $23.36 per share to $15.95 per share, or 33%, on July 26, 2012.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Lesley F. Portnoy
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP