We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of HMS Holdings Corp. (“HMS” or the “Company”) (NASDAQ: HMSY) in connection with the proposed acquisition of the Company by Veritas Capital-backed Gainwell Technologies, a provider of solutions to the administration and operations of health and human services programs.  Under the terms of the merger agreement, HMS shareholders will receive only $37.00 for each share of HMS common stock that they hold.

WeissLaw is investigating whether HMS’s board acted in the best interest of HMS’s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of the proposed acquisition of the Company, and whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.  Notably, an analyst set a price target of $40.00 for HMS, $3.00 higher than the proposed merger consideration.\n\nWeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com