STEVENSON, Md., Nov. 21, 2013 (GLOBE NEWSWIRE) -- Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of purchasers of Quality Systems, Inc. ("QSI" or the "Company") (Nasdaq: QSII ) common stock during the period between May 26, 2011 and July 25, 2012, inclusive (the "Class Period").
If you have suffered a net loss from investment in Quality Systems, Inc. common stock purchased on or after May 26, 2011, and held through the revelation of negative information on July 26, 2012, as described below, at no cost to you, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com , by email at hoffman@browerpiven.com , by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years.
No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than January 21, 2014 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period.
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants failure to accurately disclose during the Class Period the Company's growth prospects and guidance for fiscal years 2012 and 2013. According to the complaint, following QSI's July 26, 2012 disclosure that the Company's earnings per share had materially declined and that the Company was withdrawing its favorable fiscal 2013 guidance, the value of QSI shares declined significantly.
If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.
Charles J. Piven Brower Piven, A Professional Corporation Stevenson, Maryland 410/415-6616
