An investigation on behalf of current long term investors in Quality Systems, Inc. (NASDAQ:QSII) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:QSII stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/29/2017 -- An investigation on behalf of current long-term investors in NASDAQ:QSII shares was announced over possible breaches of fiduciary duties by certain Quality Systems directors.
Investors who are current long term investors in Quality Systems, Inc. (NASDAQ:QSII) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm for investors in NASDAQ:QSII stocks follows a lawsuit filed against Quality Systems, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:QSII stocks, concerns whether certain Quality Systems, directors are liable in connection with the allegations made in that lawsuit.
In November 2013 a lawsuit was filed against Quality Systems Inc over alleged violations of Federal Securities Laws. According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that the defendants made a series of allegedly material misstatements and omissions concerning Quality Systems Inc's growth prospects, including its guidance for fiscal years 2012 and 2013 and that as a result of defendants' statements and omissions, Quality Systems Inc's securities traded at artificially inflated prices between May 26, 2011 and July 25, 2012.
In April 2014 an amended complaint was filed and in June 2014 the defendants filed their motion to dismiss the case.
In October 2014 the court granted the defendants' motion to dismiss and in January 2015 denied the plaintiff's motion for reconsideration.
In late January 2015 the plaintiff filed a notice of appeal and in July 2017 the Ninth Circuit issued a decision reversing and remanding the District Court's order on the defendant's motion to dismiss.
Those who purchased shares of Quality Systems, Inc. (NASDAQ:QSII) 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
mail@shareholdersfoundation.com