Kendall Law Group, a national securities firm, is launching an investigation into Addus HomeCare Corporation (NASDAQ:ADUS) for potential violations of federal securities laws. The firm believes that Addus failed to disclose problems with aging receivables, which misled shareholders about the performance of the Company. Shareholders who purchased ADUS stock between October 27, 2009 and December 31, 2009 may have a claim against the company and are encouraged contact the firm at 877-744-3728 or firstname.lastname@example.org for more information.
On March 18, 2010, Addus reported a net loss of $3.7 million in its fourth quarter financial results for the year ended December 31, 2009. Addus also reported a $1.5 million increase in bed debt reserve levels for that quarter. ADUS shares dropped approximately 29% to close at $6.30 on March 19, 2010.
Kendall Law Group, led by a former federal judge and former U.S. Attorney, has the credentials to pursue any type of complex securities litigation in the nation. Contact a firm with substantial experience representing investors in securities lawsuits nationwide for advice on your rights as an ADUS shareholder at: