NEW YORK, March 14, 2014 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Addus HomeCare Corporation ("Addus HomeCare" or the "Company") (NasdaqGS: ADUS -News). Such investors are advised to contact Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman at [email protected] or 212-697-6484.
The investigation focuses on whether the Company and its executives violated federal securities laws. On March 12, 2014, the Company announced in a regulatory filing that, "as a result of the Corporation's increased stock price and overall market value as of the end of the second quarter of 2013, the Corporation became subject to the requirements of Section 404 of the Sarbanes-Oxley Act of 2002. Accordingly, the Corporation is now required to have an audit of its internal controls over financial reporting. 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."
On this news, shares of Addus HomeCare fell $5.94 or 20.37% to close at $23.22 on March 13, 2014.
If you are aware of any facts relating to this investigation, or purchased shares of Addus HomeCare, you can assist this investigation by contacting either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC