Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Quality Systems Inc.

WAYNE, Pa., Nov. 22, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired Quality Systems Inc. ("QSI" or the "Company") (NASDAQ: QSII) securities between May 26, 2011 and July 25, 2012, inclusive (the "Class Period").

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For more information regarding this class action suit, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at [email protected] or visit: www.rmclasslaw.com/cases/qsii. 

QSI sells practice management software to medical and dental practices. The Complaint alleges that during the Class Period, Defendants violated provisions of the federal securities laws by issuing false and misleading press releases, financial statements, filings with the Securities and Exchange Commission ("SEC"), and making false and misleading statements and omissions during investor conference calls and conferences, among other things. Specifically, Defendants made a series of material misstatements and omissions concerning QSI's growth prospects, including its guidance for fiscal years 2012 and 2013. As a result of Defendants' false statements and omissions, QSI's securities traded at artificially inflated prices during the Class Period. Before the market opened on July 26, 2012, the Defendants announced that the Company's EPS had materially declined from the year-ago quarter, and withdrew QSI's highly favorable fiscal 2013 guidance. That disclosure caused the price of QSI stock to decline from $23.63 per share to $15.95 per share on July 26, 2012.

If you are a member of the class, you may, no later than January 21, 2014, request that the Court appoint you as lead plaintiff of the class.  A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Under certain circumstances, one or more class members may together serve as "lead plaintiff."  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.  You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.

For more information about the case or to participate online, please visit: www.rmclasslaw.com/cases/qsii or contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218, or by e-mail at [email protected].  For more information about class action cases in general or to learn more about Ryan & Maniskas, LLP, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm.  Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

SOURCE Ryan & Maniskas, LLP