NEW YORK –Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against WageWorks, Inc. (“WageWorks” or the “Company”) (NYSE:WAGE).
Specifically, during intraday trading on March 1, 2018, WageWorks issued a press release announcing that the Company would be unable to timely file “its Annual Report on Form 10K for the year ended December 31, 2017[.]” On this news, WageWorks’ share price fell from $52.45 per share on February 28, 2018 to a closing price of $42.70 on March 1, 2018—a $9.75 or a 18.59% drop. Then, pre-market on March 2, 2018, WageWorks filed a Form 12b-25 with the Securities and Exchange Commission, disclosing, in part, that “[t]he Company has concluded that it has a material weakness in its internal control over financial reporting as of December 31, 2017…” and that “the Company has concluded that its internal control over financial reporting and disclosure controls and procedures were ineffective as of December 31, 2017.”
If you invested in WageWorks stock or options and would like to discuss your legal rights, click here:www.faruqilaw.com/WAGE. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to[email protected].
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.