April 02, 2021
WageWorks has agreed to pay $30 million to end a proposed securities fraud class action in California federal court accusing it of padding its revenue reports with money it was never supposed to get, according to investors asking for preliminary approval of the deal.
June 02, 2020
Benefits administrator WageWorks Inc. and its leadership can't shake a proposed securities fraud class action accusing the company of padding its revenue reports with money it was never supposed to get, a California federal judge said Monday.
July 29, 2019
Benefits administrator WageWorks urged a California federal court to toss a consolidated class action accusing it of lying about its financials, arguing that top brass at the company did not deceive investors, but rather mistakenly expected profits that never materialized for services performed under a lucrative government contract the company inked in 2016.