NASDAQ:HCSG Investor Alert: Investigation over Potential Wrongdoing at Healthcare Services Group, Inc.

ReleaseWire

San Diego, CA -- (SBWIRE) -- 04/28/2021 -- Certain directors of Healthcare Services Group, Inc. are under investigation over potential breaches of fiduciary duties.

Investors who purchased shares of Healthcare Services Group, Inc. (NASDAQ: HCSG) a have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Healthcare Services Group directors breached their fiduciary duties and caused damage to the company and its shareholders.

Bensalem, PA based Healthcare Services Group, Inc. provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States.

On February 10, 2020, Healthcare Services Group, Inc. announced the Company's financial and operating results for the fourth quarter of 2020. Healthcare Services Group, Inc. also provided an update on the status of a previously disclosed U.S. Securities and Exchange Commission ("SEC") investigation into the Company's earnings-per-share calculation practices, announcing that "[t]he Company and the SEC have recently commenced discussions regarding a potential resolution of the investigation, which focuses on periods prior to 2018. As discussions regarding a potential resolution are ongoing, Mr. John C. Shea, the Company's Chief Financial Officer, has notified the Company that he is taking a temporary leave of absence from his duties."

Shares of Healthcare Services Group, Inc. (NASDAQ: HCSG) declined from $34.33 per share on February 9, 2021, to $28.30 per share on February 19, 2021.

Those who purchased shares of Healthcare Services Group, Inc. (NASDAQ: HCSG) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc. Michael Daniels 3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
[email protected]

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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