Cases
WageWorks, Inc. (WAGE)
Securities Class Action
Overview
Overview
- Date:
- 10/26/2018
- Company Name:
- WageWorks, Inc.
- Stock Symbol:
- WAGE
- Status:
- Closed/Complete
NEW YORK, October 26, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against certain officers and directors of WageWorks, Inc. (NYSE: WAGE).
On September 12, 2018, WageWorks announced that it was reopening an investigation concerning WageWorks’ accounting practices, financial statements reporting, and internal control over financial reporting for 2016 and 2017 that WageWorks’ Audit Committee previously concluded in May 2018. Since the conclusion of that investigation, WageWorks’ auditor, KPMG LLP, raised concerns of the Audit Committee’s awareness of information withheld from KPMG during 2016 and 2017. On this news, shares of WageWorks fell over 16%, closing at $40.95 on September 13, 2018. The investigation concerns whether WageWorks’ board of directors breached its fiduciary duties to shareholders, grossly mismanaged WageWorks, and/or committed abuses of control as a result of the foregoing.
If you are a long term stockholder of WageWorks, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
On September 12, 2018, WageWorks announced that it was reopening an investigation concerning WageWorks’ accounting practices, financial statements reporting, and internal control over financial reporting for 2016 and 2017 that WageWorks’ Audit Committee previously concluded in May 2018. Since the conclusion of that investigation, WageWorks’ auditor, KPMG LLP, raised concerns of the Audit Committee’s awareness of information withheld from KPMG during 2016 and 2017. On this news, shares of WageWorks fell over 16%, closing at $40.95 on September 13, 2018. The investigation concerns whether WageWorks’ board of directors breached its fiduciary duties to shareholders, grossly mismanaged WageWorks, and/or committed abuses of control as a result of the foregoing.
If you are a long term stockholder of WageWorks, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.