Kessler Topaz Meltzer & Check, LLP Reminds TriNet Group, Inc. Shareholders of Impending Lead Plaintiff Deadline in Class Action Lawsuit Filed Against the Company - TNET
RADNOR, Pa., Sept. 29, 2015 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP reminds TriNet Group, Inc. (NYSE: TNET) ("TriNet" or the "Company") shareholders that a class action lawsuit has been filed against the Company on behalf of purchasers of the Company's securities between May 5, 2014 and August 3, 2015, inclusive (the "Class Period").
TriNet shareholders who purchased their securities during the Class Period are reminded that they may, no later than October 6, 2015, petition the Court for appointment as a lead plaintiff of the class.
TriNet shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. Check, Esq., D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299-7706 or at [email protected]. For additional information about this lawsuit, or to request information about this action online, please visit http://www.ktmc.com/new-cases/trinet-group-inc.
The complaint alleges that TriNet and certain of its executive officers knew, disregarded, and failed to disclose, that: (a) the Company's processes and methodologies for analyzing and accruing claims failed to properly account for historical claims trends; (b) the Company's forecasting process failed to properly incorporate relevant historical and current claims trends; (c) the Company was experiencing growing claims trends in medical and workers compensation that negatively affected the company's current and future business prospects; and (d) in light of the above, the Company's publicly stated financial outlook did not have a reasonable basis.
Through a series of press releases, TriNet disclosed that its quarterly financial results had been significantly impacted by increases in large medical claims, higher than expected workers compensation costs, and high-volume medical claims. Following the Company's disclosures, shares of TriNet's stock significantly declined in value.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check (Darren J. Check, Esq., D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299 – 7706 or (610) 667 – 7706, or via e-mail at [email protected]
Members of the class may, no later than October 6, 2015, petition the Court to be appointed as a lead plaintiff of the class. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class in the action. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check. For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
Darren J. Check, Esq.
D. Seamus Kaskela, Esq.
Adrienne O. Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(888) 299 - 7706
(610) 667 - 7706
[email protected]
SOURCE Kessler Topaz Meltzer & Check, LLP
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