TriNet Group Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | TriNet Group Inc |
Stock Symbol : | NYSE: TNET |
Class Period Start: | 05/05/2014 |
Class Period End: | 08/03/2015 |
Lead Plaintiff motion: | 10/06/2015 |
Date Filed: | 08/07/2015 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Northern District of California |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the October 6, 2015 lead plaintiff deadline in a class action lawsuit filed against TriNet Group Inc (NYSE: TNET) (“TriNet” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased TriNet securities between May 5, 2014 and August 3, 2015, have until October 6, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased TriNet securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose TriNet was not accurately accounting for historical claims trends due to a lack of proper processes and methodologies and that the Company’s forecasting process was not including relevant historical and current claims trends. Additionally, the plaintiff alleges TriNet also failed to disclose that they were having an increase in claims trends in medical and workers compensation that negatively affected the company’s current and future business prospects and due to a lack of these disclosures, the Company’s publicly stated financial outlook was not accurate during the times specified in the complaint. On August 3, 2015, after market-close, TriNet announced second-quarter loss of $1.3 million or ($.02) per share, falling short of analyst expectations of earning $.27 per share. The Company cited that the quarter was impacted by a higher than expected number of large medical claims. After the release of this news, shares of TriNet were down over 31% in pre-market trading on August 4, 2015. If you were negatively impacted by your investment in TriNet securities between May 5, 2014 and August 3, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |
Please find below an excerpt of the complaint filed