NEW YORK, March 1, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of TriNet Group Inc. ("TriNet" or the "Company") (NYSE: TNET). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether TriNet and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On February 29, 2016, post-market, TriNet disclosed that it had found material weaknesses in the Company's internal control over financial reporting relating to ineffective information technology general controls and ineffective controls in key business processes, and that the Company required additional time to complete and file its Annual Report on Form 10-K with the Securities and Exchange Commission ("SEC") for the year ended December 31, 2015.
On this news, TriNet stock fell $0.81, or 6.19%, to close at $12.28 on March 1, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, 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 80 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.
CONTACT: Robert S. Willoughby Pomerantz LLP email@example.com
SOURCE Pomerantz LLP