SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of WageWorks, Inc. (WAGE)

NEW YORK, March 5, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of WageWorks, Inc. ("Wage" or the "Company") (NYSE: WAGE). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/wage.

The investigation concerns whether Wage and certain of its officers and/or directors have violated federal securities laws.

On March 1, 2018, Wage said that "it is delaying its Annual Report on Form 10K for the year ended December 31, 2017 and its financial results and associated conference call for the fourth quarter of 2017." Following this news, Wage stock dropped $9.75 per share or over 18% to close at $42.70 on March 1, 2018.

Then, on March 2, 2018, Wage revealed that it required additional time to complete its financial statements and review its internal controls over financial reporting. The company determined that there is a material weakness in its internal controls over financial reporting as of December 31, 2017 in connection to "managing change and assessing risk in the areas of non-routine and complex transactions." Wage also disclosed that its Audit Committee is investigating its internal controls over financial reporting in fiscal 2016 and 2017, which will include a review of revenue recognition "related to the accounting for a government contract during fiscal 2016 and associated issues with whether there was an open flow of information and appropriate tone at the top for an effective control environment." Following this news, Wage stock continued to drop during inta-day trading on March 2, 2018.

If you are aware of any facts relating to this investigation, or purchased Wage shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/wage. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

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