|By Business Wire||
|May 20, 2014 08:00 PM EDT||
The Shuman Law Firm announces that it is investigating potential claims against certain officers and directors of Quality Systems, Inc. (“Quality Systems” or the “Company”) (Nasdaq: QSII). Quality Systems develops and markets healthcare information systems that automate medical and dental practices, and networks of practices in the United States.
The Firm’s investigation relates to the allegations raised in a November 19, 2013, securities class action filed against the Company in the U.S. District Court for the Central District of California. The complaint alleges that for years, the Company's financial disclosures and guidance were misleading and inaccurate and projected a false picture of the Company's finances. The Company, its founder and Chief Executive Officer have also been sued by its second largest shareholder, Ahmed Hussein, who has alleged that these individuals committed fraud and negligently misrepresented QSI’s earnings growth guidance.
Quality Systems’ common stock currently trades at approximately $15.00 per share, down from more than $24.00 per share as recently as October 2013.
If you currently own Quality Systems’ common stock and are interested in discussing your rights, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at [email protected] or email Mr. Glenn at [email protected].
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in stockholder litigation.