IRVINE, Calif., April 24, 2017 /PRNewswire/ -- Khang & Khang LLP (the "Firm") announces a class action lawsuit against HMS Holdings Corp. ("HMS" or the "Company") (Nasdaq: HMSY). Investors who purchased or otherwise acquired shares between May 10, 2016 and March 2, 2017, inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the May 2, 2017 lead plaintiff motion deadline.
If you purchased HMS shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at [email protected].
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The Complaint alleges that during the Class Period, HMS violated federal securities laws. On March 2, 2017, HMS announced that it would delay filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2016. The Company stated that it needed additional time in order to "complete documentation related to the Company's previously disclosed review of its CMS reserves and related internal controls over financial reporting. In this regard, the Company's auditor has informed the Company that it has identified what it believes is a material weakness in the Company's internal controls over financial reporting related to the CMS reserves." When this news was announced to the public, the stock price of HMS declined.
If you wish to learn more about this lawsuit, or if you have questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at [email protected].
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Joon M. Khang, Esq.
SOURCE Khang & Khang LLP