SAN DIEGO, May 16, 2017 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain purchasers of shares of HMS Holdings Corp (NASDAQ:HMSY). 

Investors who purchased shares of HMS Holdings Corp (NASDAQ:HMSY) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that HMS lacked effective internal control over financial reporting, and that as a result, HMS’s financial statements were materially false and misleading at all relevant times.

On March 2, 2017, HMS Holdings Corp revealed during aftermarket hours that it would not file its fiscal year 2016 Form 10-K on time and that HMS Holdings’ auditor believes it has identified a material weakness in HMS Holdings’ internal controls over financial reporting related to CMS reserves. HMS Holdings Corp also disclosed that 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.”

Those who purchased HMS Holdings Corp (NASDAQ:HMSY) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon. 

CONTACT:
Shareholders Foundation, Inc. 
Michael Daniels 
+1 (858) 779-1554 
mail@shareholdersfoundation.com 
3111 Camino Del Rio North 
Suite 423 
San Diego, CA 92108

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