Our securities attorneys are investigating claims on behalf of investors of BioScrip, Inc. (NASDAQ: BIOS) regarding possible violations of federal securities laws following the company’s announcement that it has begun an internal accounting review after identifying internal control deficiencies.

Stock Drops 15% Amid News of “Internal Control Deficiencies” and “Material Weakness”

BioScrip, Inc. is the largest independent national provider of infusion and home care management solutions.

On March 8, 2018, the company released its preliminary fourth quarter and full year financial results for 2017, and announced that it had begun an internal accounting review because it “identified internal control deficiencies in connection with account reconciliations for certain asset and liability accounts,” and that this may cause a delay in the filing of its Form 10-K.

BioScrip also announced that it has separately “identified and will report a material weakness related to certain spreadsheets used to calculate periodic adjustments to accounts.”

Following this news, the share price of BioScrip plummeted more than 15% on high volume to close at $2.59 on March 8, 2018.

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Eric Gibbs

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Michael Schrag

Michael has over 20 years of experience representing individuals in complex cases involving banking credit card and other financial frauds.