NEW YORK, Aug. 11, 2015 /PRNewswire/ — Harwood Feffer LLP ( www.hfesq.com) is investigating potential claims against the board of directors of TriNet Group, Inc. (“TriNet” or the “Company”) (NYSE: TNET), concerning whether the board has breached its fiduciary duties to shareholders.
On August 3, 2015, TriNet issued a press release reporting a second-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier. The Company also reported earnings per share of $0.14, significantly below consensus analyst expectations of $0.27 per share. The Company’s CEO, Burton Goldfield, attributed these results to a higher than usual number of large medical claims and stated the Company needed to address the volatility and visibility of these large claims. On this news, TriNet stock fell over 35% in one day.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own TriNet shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400 (212) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website ( http://www.hfesq.com) for more information about the firm.
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