RRC & HCSG INVESTOR ALERT – Securities Class Action Investigations
PHILADELPHIA, Feb. 16, 2021 (GLOBE NEWSWIRE) — Kehoe Law Firm, P.C. is investigating potential securities class action claims on behalf of investors of Healthcare Services Group, Inc. (“Healthcare Services”) ( NASDAQ: HCSG ) and Range Resources Corporation (“Range Resources”) ( NYSE: RRC ) to determine whether the companies engaged in securities fraud or other unlawful business practices.
On February 10, 2021, Healthcare Services issued a press release announcing their financial and operating results for Q4 2020. The press release also provided an update on a previously disclosed SEC investigation into Healthcare Services’ earnings-per-share (“EPS”) calculation practices, announcing, among other things, that “[t]he Company and the SEC have recently commenced discussions regarding a potential resolution of the investigation, which focuses on periods prior to 2018. As discussions regarding a potential resolution are ongoing, Mr. John C. Shea, the Company’s Chief Financial Officer, has notified the Company that he is taking a temporary leave of absence from his duties.”
On this news, HCSG’s stock price fell $3.01 per share, or 8.88%, closing at $30.90 per share on February 10, 2021.
Media outlets recently reported that Range Resources paid a $294,000 civil penalty to the Pennsylvania Department of Environmental Protection. According to Gant News, Range Resources paid the civil penalty “ . . . for violations of the 2012 Oil and Gas Act . . . regarding wells ineligible for inactive status listed on its inactive status request to DEP.”
On this news, the stock price of Range Resources fell $0.62 per share, or 6.08%, to close at $9.57 per share on February 11, 2021.
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, RRC OR HCSG SECURITIES AND SUFFERED LOSSES GREATER THAN $250,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT KEVIN CAULEY, DIRECTOR, BUSINESS DEVELOPMENT, (215) 792-6676, EXT. 802, [email protected] , [email protected] , [email protected] , TO DISCUSS THE SECURITIES INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Kehoe Law Firm, P.C. , with offices in New York and Philadelphia, is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
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