The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Insperity, Inc. Investors (NSP)
February 12 2020 - 8:00PM
Business Wire
The Law Offices of Frank R. Cruz announces an investigation on
behalf of Insperity, Inc. (“Insperity” or the “Company”) (NYSE:
NSP) investors concerning the Company and its officers’ possible
violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
On February 11, 2020, after the market closed, Insperity issued
a press release announcing its fourth quarter and full year 2019
financial results. Therein, Insperity disclosed that “[t]he average
profit per [worksite employee] per month declined from $272 in 2018
to $259 in 2019 on a higher than expected benefits cost trend due
to elevated large healthcare claim activity.” Additionally, the
Company reported that it had “recently added a new feature” in its
health plan so that, beginning in 2020, Insperity will not have
financial responsibility for any amount of a participant’s annual
claim costs that exceed $1 million.
On this news, Insperity’s share price fell $17.44 per share, or
over 19%, to close at $71.64 per share on February 12, 2020, at
unusually heavy trading volume.
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If you purchased Insperity securities, 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 Frank R. Cruz, of The Law
Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067 at 310-914-5007, by email to
info@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.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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version on businesswire.com: https://www.businesswire.com/news/home/20200212005979/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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