BENSALEM, Pa. -- (Business Wire)
Law
Offices of Howard G. Smithannounces 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. The Law Offices of Howard G. Smith 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 Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at 215-638-4847, toll-free at 888-638-4847, or by e-mail to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
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/20150804007077/en/
Contacts:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
Source: Law Offices of Howard G. Smith
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