DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, announces that a federal class action lawsuit has been filed against HMS Holdings Corp. (“HMS” or “Company”) (NasdaqGS: HMSY) and several officers and directors for acts taken during the period of May 10, 2016 and March 2, 2017 (the “Class Period”).
Based upon the allegations in the class action, the firm is investigating additional legal claims against the officers and Board of Directors of HMS. If you are an affected HMS shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at firstname.lastname@example.org or call toll free at (888) 809-2750. There is no cost or fee to you.
According to the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that defendants failed to disclose that HMS lacked effective internal control over financial reporting. The complaint alleges that, as a result of the lack of internal control over financial reporting, the Company’s financial statements were materially false and misleading at all relevant times. When the truth was revealed to the market, HMS stock dropped significantly.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.