Energy News / Shareholders Foundation, Inc.

NYSE:WAGE Long-Term Shareholder Notice: Investigation of Potential Wrongdoing at Wageworks Inc

Via: ReleaseWire

Updated 12:00 PM CDT, Wed, October 03,2018

An investigation on behalf of current long term investors in Wageworks Inc (NYSE:WAGE) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWIRE) -- 10/03/2018 -- An investigation was announced for investors in shares of Wageworks Inc (NYSE:WAGE) concerning potential breaches of fiduciary duties by certain directors and officers of Wageworks Inc.

Investors who are current long term investors in Wageworks Inc (NYSE:WAGE) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE:WAGE stocks follows a lawsuit filed against Wageworks Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:WAGE stocks, concerns whether certain Wageworks directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 6, 2016 and March 1, 2018, the defendants issued, or caused to be issued, a series of allegedly false and/or misleading financial statements, failing to disclose that there were material weaknesses in WageWorks' systems of internal controls and that its practices and controls were ineffective, that WageWorks failed to adequately manage and assess risk relating to certain complex transactions, including certain government contracts, that WageWorks improperly recognized revenue thereby inflating its earnings and related financial metrics, and that as a result of the foregoing, WageWorks' financial statements were materially false and misleading at all relevant times.

Those who purchased shares of Wageworks Inc (NYSE:WAGE) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysewage-long-term-shareholder-notice-investigation-of-potential-wrongdoing-at-wageworks-inc-1057545.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com