Investigation Overview
August 7, 2015 (Shareholders Foundation) - An investigation on behalf of investors of TriNet Group Inc (NYSE:TNET) shares was launched over potential securities laws violations by TriNet Group and certain of its directors and officers in connection certain financial statements.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of TriNet Group Inc (NYSE:TNET) concerning whether a series of statements by TriNet Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 3, 2015, TriNet Group Inc announced its second quarter fiscal 2015 results. TriNet Group Inc reported that its second quarter Revenue rose from $525 million in 2014 to $640 in 2015 while its second quarter Net Income of $6.22 million in 2014 declined to a second quarter Net Loss of $1.3 million.
On August 7, 2015, NYSE:TNET shares closed at $18.52 per share.