NEW YORK, Dec. 11, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased Quality Systems, Inc. ("Quality Systems" or the "Company") (Nasdaq:QSII) common stock between May 26, 2011 and July 25, 2012.
The complaint alleges that the Company made materially false and misleading statements and/or failed to disclose materially adverse factors regarding the Company's growth prospects, including its guidance for fiscal years 2012 and 2013.
On July 26, 2012—just three days after affirming its prior guidance—Quality Systems announced that its earnings per share had precipitously declined; as a result of this decline, the Company announced it was retracting its guidance. Upon this news, shares of Quality Systems fell from a close of $23.36 per share the prior business day to a close of $15.95 per share.
Shareholders of Quality Systems have until January 21, 2014 to seek appointment as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/quality-systems-qsii/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP