We are investigating Addus HomeCare Corporation (ADUS) (“Addus” or the “Company”) for potential violations of the federal securities laws.
On February 27, 2020, after the market closed, Addus announced that it would not timely file its Annual Report on Form 10-K for the year ended December 31, 2019. Specifically, Addus stated that it needed “additional time . . . to complete the valuation of a non-cash implicit price concession related to revenue and accounts receivable, including the periods to which it relates, and to perform the related internal controls assessment.” On this news, Addus’s stock price fell $13.82 per share, or 14.83%, to close at $76.27 per share on February 28, 2020.