SAN DIEGO, CA / ACCESSWIRE / August 9, 2017 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NASDAQ: QSII shares against Quality Systems Inc. over alleged Securities Laws violations.

Investors, who purchased shares of Quality Systems Inc. (NASDAQ: QSII), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

In November 2013 a lawsuit was filed against Quality Systems Inc. over alleged violations of Federal Securities Laws. The plaintiff claimed that Quality Systems Inc. portrayed itself as a high-growth company, repeatedly touting its record growth in revenue and earnings, and robust pipeline of business that contained hundreds of millions of dollars of software sales that the Company sought to realize within the next six to eight months. The plaintiff alleges that Quality Systems Inc. also repeatedly issued bullish annual guidance to investors, stating that it was confident that it would achieve annual growth rates in earnings per share ("EPS") well in excess of 20%. It is alleged that in truth, Defendants knew or recklessly disregarded that Quality Systems Inc.'s growth was materially slowing. Indeed, between May 26, 2011 and July 25, 2012, Defendants allegedly were privy to real-time data concerning the revenues and earnings of each of Quality Systems Inc.'s operating divisions, and Quality Systems Inc.'s guidance was continuously updated based on that real-time data and accordingly, Defendants allegedly knew or recklessly disregarded that the fiscal 2012 guidance calling for earnings growth of as much as 33% was directly contradicted by the reality of Quality Systems Inc.'s performance.

In April 2014 an amended complaint was filed and in June 2014 the defendants filed their motion to dismiss the case.

In October 2014 the court granted the defendants' motion to dismiss and in January 2015 denied the plaintiff's motion for reconsideration.

In late January 2015 the plaintiff filed a notice of appeal and in July 2017 the Ninth Circuit issued a decision reversing and remanding the District Court's order on the defendant's motion to dismiss.

Those who purchased Quality Systems Inc. (NASDAQ: QSII) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

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

SOURCE: Shareholders Foundation, Inc.