TMCnet News
GPM Announces Investigation of TriNet Group Inc.Glancy Prongay & Murray LLP ("GPM") announces an investigation on behalf of investors of TriNet Group Inc. ("TriNet" or the "Company") (NYSE: TNET). The investigation concerns whether the Company violated specific sections of the Securities Exchange Act of 1934 by issuing materially misleading information regarding its alleged violations of SEC (News - Alert) rules. On August 3, 2015, after the market close, TriNet reported a second-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier. TriNet, a human resources services outsourcing company, said it had a loss of 2 cents per share during the quarter, and earnings, adjusted for one-time gains and costs, of 14 cents per share. The results missed Wall Street analyst expectations where expectations were for earnings of 27 cents per share. On this news shares of TriNet dropped significantly during after-hours trading on August 3, 2015. GPM is preparing a lawsuit to recover damages on behalf of TriNet investors who relied on the Company's allegedly misleading financial statements. If you purchased TriNet shares, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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