Healthcare Services Group, Inc. Securities Litigation

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Healthcare Services Group, Inc. Securities Litigation
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The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency of Class Action and Proposed Settlement, Final Approval Hearing, and Motion for Attorneys’ Fees and Reimbursement of Litigation Expenses (the “Notice”), which you can access by clicking here. Because this website is just a summary, you should review the Notice for additional details.

The Parties have reached a proposed settlement for $16,800,000 in cash (the “Settlement”) for the benefit of the Settlement Class, which is subject to approval by the Court.

 If you are a member of the Settlement Class, you are subject to the Settlement, and you may be eligible for a payment from the Settlement, unless you timely request to be excluded.  The Settlement Class consists of the following:  

 All persons who purchased or otherwise acquired Healthcare Services Group common stock during the Settlement Class Period, April 8, 2014, through February 9, 2021, inclusive.

 Excluded from the Settlement Class are certain persons and entities (see question number 6 of the Notice) or those who request exclusion pursuant to the instructions set forth in the Notice (see question number 13 of the Notice).

 Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found in the menu on the left of this page.

 Payments to eligible claimants will be made only if the Court approves the Settlement and a Plan of Allocation, only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.

 Please read the Notice carefully.  If you have questions, you may call the Healthcare Services Group, Inc. Securities Litigation Help Line at (877)777-9675 or email info@HCSGSecuritiesLitigation.com.

  

Your Legal Rights and Options

You can:

That Means:

Submit a Claim Form Received or Postmarked by February 7, 2022

This is the only way to be eligible to receive a payment from the Settlement Fund.  If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in question number 12 of the Notice) that you have against Defendants and the other Defendants’ Releasees (defined in question number 12 below), so it is in your interest to submit a Claim Form. 

Exclude Yourself by
Submitting a Written Request for Exclusion Postmarked by
December 17, 2021

If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from this Settlement and will not be part of the Settlement Class and will not be bound by any Judgment.  This is the only option that allows you to ever be part of any other separate lawsuit, including your own lawsuit, concerning the Plaintiffs’ Released Claims.

Object by Submitting A Written Objection
Received by
December 17, 2021

If you remain part of the Settlement Class but have an objection to the Settlement, or some part of it, or the requested attorneys’ fees or Litigation Expenses, you can write to the Court to explain why.

Go to a Hearing on
January 10, 2022

Filing a written objection and notice of intention to appear by December 17, 2021, allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and Litigation Expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.

Do Nothing

If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund.  You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgment or orders entered by the Court in the Action.

 

Please read the Notice carefully. If you have questions, you may call the Healthcare Services Group, Inc. Securities Litigation Help Line at (877) 777-9675 or email info@HCSGSecuritiesLitigation.com.

 
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