LOS ANGELES -- (Business Wire)
Glancy
Prongay & Murray LLP (“GPM”) announces an investigation on
behalf of investors of TriNet
Group Inc. ("TriNet" or the "Company") (NYSE: TNET). The
investigation concerns whether the Company violated specific sections of
the Securities Exchange Act of 1934 by issuing materially misleading
information regarding its alleged violations of SEC rules.
On August 3, 2015, after the market close, TriNet reported
a second-quarter loss of $1.3 million, after reporting a profit in the
same period a year earlier. TriNet, a human resources services
outsourcing company, said it had a loss of 2 cents per share during the
quarter, and earnings, adjusted for one-time gains and costs, of 14
cents per share. The results missed Wall Street analyst expectations
where expectations were for earnings of 27 cents per share. On this news
shares of TriNet dropped significantly during after-hours trading on
August 3, 2015. GPM is preparing a lawsuit to recover damages on behalf
of TriNet investors who relied on the Company’s allegedly misleading
financial statements.
If you purchased TriNet shares, have information or 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 Casey Sadler of GPM, 1925 Century Park East, Suite 2100,
Los Angeles, California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150803006465/en/
Contacts:
Glancy Prongay & Murray LLP, Los Angeles
Casey Sadler,
310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
Source: Glancy Prongay & Murray LLP
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