Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the common stock of Addus HomeCare Corporation ("Addus" or the "Company") (Nasdaq:ADUS) concerning possible violations of federal securities laws. The investigation focuses on allegations that the Company''s Registration Statement and Prospectus issued in connection with the Company''s Initial Public Offering on or about October 27, 2009, failed to disclose the Company''s problems with aging receivables.
On March 18, 2010, the Company announced its financial results for the fourth quarter and year ended December 31, 2009, and reported a net loss of $3.7 million, or $0.48 per share, for the fourth quarter of 2009, and reported a $1.5 million increase in the Company''s bad debt reserve levels for the fourth quarter.
If you purchased Addus common stock between October 27, 2009, and March 18, 2010, if you have information or would like to learn more about these claims, or if you wish to discuss these matters 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 email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
Contacts:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215)
638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
