SAN DIEGO, Dec. 4, 2013 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of Quality Systems, Inc. (QSII) common stock over alleged violations of Federal Securities Laws by Quality Systems, Inc. in connection with certain allegedly false and misleading statements made between May 26, 2011 and July 25, 2012.
If you purchased a significant amount of shares of Quality Systems, Inc. (QSII) between May 26, 2011 and July 25, 2012, and / or if you purchased QSII shares in 2011 or earlier and currently hold any of those shares, you have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants made a series of allegedly material misstatements and omissions concerning Quality Systems' growth prospects, including its guidance for fiscal years 2012 and 2013 and that as a result of defendants' statements and omissions, Quality Systems' securities traded at artificially inflated prices between May 26, 2011 and July 25, 2012.
On July 26, 2012, Quality Systems, Inc. announced its fiscal 2013 first quarter results. The president and chief executive officer of Quality Systems, Inc. said that "overall results were impacted by lower-than-expected revenue from large, higher margin software system sales" and that "due to evolving conditions affecting [Quality Systems] industry and uncertainty in predicting future results, [Quality Systems is] not affirming [its] previous guidance nor providing revised guidance at this time".
Shares of Shares of Quality Systems, Inc. (QSII) declined from almost $44 per share in March 2012 to as low as $16.27 per share on July 27, 2012.
Those who purchased shares of Quality Systems, Inc. have certain options and should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and 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.