SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In TriNet Group, Inc. To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in TriNet Group, Inc. (“TriNet” or the “Company”) (NYSE:TNET) of the October 6, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
The lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all those who purchased or otherwise acquired TriNet common stock between May 5, 2014 and August 3, 2015 (the “Class Period”).
The complaint focuses on whether the Company and its executives violated federal securities laws by failing to disclose: (i) TriNet’s processes and methodologies for analyzing and accruing claims did not properly account for the trends of historical claims; (ii) the forecasting process of the Company did not properly incorporate the trends of relevant historical and current claims; and (iii) TriNet experienced growing claims trends in medical and workers compensation that had a negative impact on the Company’s current and future business prospects.
On August 3, 2015, TriNet reported financial results that did not meet revenue and earnings per share estimates because of an increase in high-volume medical claims. Following this news, the share price fell $10.36 per share the next day to close at $16.33 per share, a 38.8% drop, on August 4, 2015.
If you invested in TriNet stock or options between May 5, 2014 and August 3, 2015 and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding TriNet’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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