Company name Addus HomeCare Corporation
Stock symbol ADUS
Status Under Investigation

NEW YORK, March 3, 2020 – Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating potential claims against Addus HomeCare Corporation (NASDAQ: ADUS) on behalf of Addus stockholders. Our investigation concerns whether Addus has violated the federal securities laws and/or engaged in other unlawful business practices.

On February 27, 2020, Addus announced that it would not timely file its Annual Report on Form 10-K for the year ended December 31, 2019. Specifically, Addus stated that it needed “additional time . . . to complete the valuation of a non-cash implicit price concession related to revenue and accounts receivable, including the periods to which it relates, and to perform the related internal controls assessment.”

On this news, Addus’s stock price fell $13.82 per share, or 14.83%, to close at $76.27 per share on February 28, 2020.

If you purchased or otherwise acquired Addus shares, 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 or Marion Passmore or by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.

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The submission of this form does not create an attorney-client relationship, nor any obligation on the part of Bragar Eagel & Squire, P.C., or you to file a legal action. Any information you submit will be maintained as confidential. If Bragar Eagel & Squire, P.C., in its sole discretion, believes that you might be an appropriate class representative, Bragar Eagel & Squire, P.C., will contact you to discuss the matter and to determine whether to establish an attorney client relationship.

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