SOURCE: Faruqi & Faruqi LLP

Faruqi & Faruqi LLP

November 23, 2013 08:08 ET

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in Quality Systems, Inc. to Contact the Firm

NEW YORK, NY--(Marketwired - Nov 23, 2013) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Quality Systems, Inc. ("QSI" or the "Company") (NASDAQ: QSII) of the January 21, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against QSI and certain executives.

A complaint has been filed on behalf of all persons who purchased QSI securities between May 26, 2011 and July 25, 2012, inclusive (the "Class Period") in the Central District of California.

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, opportunities, and prospects.

Specifically, the action alleges that throughout the Class Period the Company and senior executives made a series of false and misleading statements concerning the Company's strong growth prospects and earnings guidance for the fiscal years 2012 and 2013, including issuing "bullish" annual growth rates for its earnings per share.

On May 7, 2012, the market was warned that QSI had greatly missed guidance when the CEO disclosed that the Company was experiencing delays in closing sales. On this news, the Company's stock declined $6.00 per share, or nearly 17%, to close at $30.99 per share on May 8, 2012 on heavy volume.

On July 26, 2012, the Company announced that its earnings per share had abruptly declined causing it to retract its positive guidance confirmed only three days earlier. Following this news, the Company's stock declined an additional $7.68 per share, or nearly 33%, to close at $15.95 per share on July 26, 2012 on heavy volume.

Request more information now by clicking here: www.faruqilaw.com/QSII. There is no cost or obligation to you.

Take Action

If you invested in QSI stock or options between May 26, 2011 and July 25, 2012 and would like to discuss your legal rights, visit www.faruqilaw.com/QSII. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com or fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding QSI's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

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.

Contact Information

  • FARUQI & FARUQI, LLP
    369 Lexington Avenue, 10th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    Email Contact
    Francis McConville, Esq.
    Email Contact
    Telephone: (877) 247-4292 or (212) 983-9330