NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong notifies investors of an investigation concerning whether MAXIMUS, Inc. (“MAXIMUS”) (NYSE:MMS) violated federal securities laws.
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On October 29, 2014, the UK Department for Work and Pensions awarded Maximus a significant contract to carry out health and disability benefits for over a period of three and a half years, called the Health Assessment Advisory Service ("HAAS") contract. On August 7, 2015, MAXIMUS revealed its results for the third quarter of 2015, and said that it had encountered “some start-up challenges” with the HAAS contract. Then on November 12, 2015, MAXIMUS revealed its financial and operating results for the fourth quarter of 2015, including news that the HAAS contract had delivered an operating loss of $4 million. Then on February 4, 2016, MAXIMUS announced its earnings for the first quarter of 2016, again missing expectations and confirming its inability to meet HAAS contract assessment targets.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.