HCSG INVESTORS NOTICE: Lieff Cabraser Reminds Investors of Deadline in Class Action Against Healthcare Services Group, Inc.

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    SAN FRANCISCO–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/HCSG?src=hash” target=”_blank”gt;#HCSGlt;/agt;–The law firm of Lieff Cabraser Heimann & Bernstein, LLP reminds
    investors of the upcoming deadline
    to move for appointment as lead plaintiff in the class action litigation
    that has been filed on behalf of investors who purchased or otherwise
    acquired the securities of Healthcare Services Group, Inc.

    (“Healthcare Services Group” or the “Company”) (Nasdaq: HCSG) between
    April 11, 2017 and March 4, 2019, inclusive (the “Class Period”).

    If you purchased or otherwise acquired Healthcare Services Group
    securities during the Class Period, you may move the Court for
    appointment as lead plaintiff by no later than May 21, 2019. A lead
    plaintiff is a representative party who acts on behalf of other class
    members in directing the litigation. Your share of any recovery in the
    litigation will not be affected by your decision of whether to seek
    appointment as lead plaintiff. You may retain Lieff Cabraser, or other
    attorneys, as your counsel in the litigation.

    Services Group investors who wish to learn more about the litigation and
    how to seek appointment as lead plaintiff should click here
    contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.

    Healthcare Services Group, based in Bensalem, Pennsylvania, engages in
    the management, administrative, and operating services to the
    housekeeping, laundry, linen, facility maintenance, and dietary service
    departments to nursing homes, retirement complexes, rehabilitation
    centers, and hospitals in the United States.

    The complaint alleges that throughout the Class Period, Defendants
    failed to disclose that (1) Healthcare Services Group was strategically
    rounding its quarterly earnings per share (“EPS”) upward for more than a
    decade, thus misrepresenting the Company’s financial condition
    throughout the Class Period; (2) the Securities and Exchange Commission
    (“SEC”) had written to the Company in November 2017 to inquire into its
    EPS rounding practices; and (3) the SEC delivered a subpoena to the
    Company in March 2018 to produce documents in connection with its
    calculation of EPS.

    On March 4, 2019, in a Form 8-K filed with the SEC, Healthcare Services
    Group disclosed it had received a letter in November 2017 from the SEC
    regarding an inquiry into the Company’s EPS calculation practices and
    requesting that the Company voluntarily provide certain information and
    documents relating to its EPS rounding and reporting practices. The
    Company further disclosed it also had received a subpoena in March 2018
    from the SEC in connection with those matters and had been providing
    information and documents to the SEC.

    Following those disclosures, the Company’s stock price declined by $4.96
    per share, or 13.14%, to close at $32.78 on March 4, 2019.

    About Lieff Cabraser

    Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco,
    New York, and Nashville, is a nationally recognized law firm committed
    to advancing the rights of investors and promoting corporate

    The National Law Journal has recognized Lieff Cabraser as one of
    the nation’s top plaintiffs’ law firms for fourteen years. In compiling
    the list, the National Law Journal examines recent verdicts and
    settlements and looked for firms “representing the best qualities of the
    plaintiffs’ bar and that demonstrated unusual dedication and
    creativity.” Law360 has selected Lieff Cabraser as one of the Top
    50 law firms nationwide for litigation, highlighting our firm’s “laser
    focus” and noting that our firm routinely finds itself “facing off
    against some of the largest and strongest defense law firms in the
    world.” And in 2016, Benchmark Litigation named Lieff Cabraser
    one of the “Top 10 Plaintiffs’ Firms in America.”

    For more information about Lieff Cabraser and the firm’s representation
    of investors, please visit http://www.lieffcabraser.com.

    This press release may be considered Attorney Advertising in some
    jurisdictions under the applicable law and ethical rules.


    Source/Contact for Media Inquiries Only
    Sharon M. Lee
    Cabraser Heimann & Bernstein, LLP
    Telephone: 1-800-541-7358