and PALATINE, Ill.,
March 25, 2014
/PRNewswire/ -- Shareholder rights law firm Robbins Arroyo LLP is investigating potential violations of federal securities laws on behalf of investors of Addus HomeCare Corporation (NASDAQ: ADUS).
provides home and community based services to older adults and younger disabled persons in
the United States
Addus HomeCare Shares Fall on Disclosure of Weak Internal Controls
, or 20.37%, to close at
March 13, 2014
, following a disclosure by the company concerning weaknesses in its internal controls. Specifically, on
March 12, 2014
, Addus revealed that as of the end of its second quarter of 2013, the company became subject to the requirements of section 404 of the Sarbanes-Oxley Act of 2002. Under the Act, Addus is required to have its internal controls over financial reporting audited. According to the disclosure, "material weaknesses in internal controls over financial reporting existed as of
December 31, 2013
, principally related to general controls over its information technology, including user access and change management activities and to overall controls related to its payroll system and related processes."
Addus HomeCare Shareholders Are Encouraged to Contact Shareholder Rights Law Firm Robbins Arroyo LLP
If you invested in
and would like to discuss your shareholder rights, please contact attorney
Darnell R. Donahue
at (800) 350-6003,
, or via the information form on the firm's shareholder rights blog:
Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than
of value for themselves and the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar outcome.