The Klein Law Firm Notifies Investors of an Investigation Concerning Possible Violations of Federal Securities Laws by MAXIMUS, Inc.
Business Wire 11-Aug-2017 10:13 AM
NEW YORK--(BUSINESS WIRE)-- The Klein Law Firm announces the commencement of an investigation of MAXIMUS, Inc. (NYSE:MMS) concerning possible violations of federal securities laws.
On October 29, 2014, the UK Department for Work and Pensions awarded MAXIMUS a significant contract to carry out health and disability benefits for over a period of three and a half years, called the Health Assessment Advisory Service ("HAAS") contract. On August 7, 2015, MAXIMUS revealed its results for the third quarter of 2015, and said that it had encountered some start-up challenges with the HAAS contract. Then on November 12, 2015, MAXIMUS revealed its financial and operating results for the fourth quarter of 2015, including news that the HAAS contract had delivered an operating loss of $4 million. Then on February 4, 2016, MAXIMUS announced its earnings for the first quarter of 2016, again missing expectations and confirming its inability to meet HAAS contract assessment targets.
If you suffered a loss in MAXIMUS and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/IPCI-Info-Request-Form-183.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
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The Klein Law Firm Joseph Klein, Esq., 212-616-4899Fax: 347-558-9665www.kleinstocklaw.com
Source: The Klein Law Firm