NEW YORK, March 3, 2017 /PRNewswire/ -- Attorney Advertising --Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of HMS Holdings Corp. ("HMS" or the "Company") (NASDAQ: HMSY). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/hmsy.
The investigation concerns whether HMS and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On March 2, 2017, after market hours, HMS revealed that it would delay filing its annual report for the 2016 fiscal year, and that its auditor had identified what it believed was a material weakness in the Company's internal controls over financial reporting related to CMS reserves. HMS also said that the it is "continuing to evaluate whether this issue affects its consolidated financial results, primarily focusing on prior periods in which revenue relating to the CMS business was recorded." Following this news, HMS stock has dropped over 9% pre-market on March 3, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of HMS, you can assist this investigation by visiting the firm's site: www.bgandg.com/hmsy. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
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 Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC