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MAXIMUS, Inc. (MMS) Loss Submission Form

The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of MAXIMUS, Inc. (NYSE: MMS) who purchased shares between October 30, 2014 and February 3, 2016. The action, which was filed in the United States District Court for the Eastern District of Virginia, alleges that the Company violated federal securities laws.

In particular, the complaint alleges that (i) in obtaining the HAAS contract, Maximus set an unattainable target number of healthcare professionals to recruit and an unattainable target number of assessments; (ii) throughout the HAAS contract, Maximus was struggling to recruit, train and ramp-up new health care staff to perform the assessments; (iii) the inability to meet its target number of healthcare recruits and target number of assessments meant Maximus would not earn the performance-based incentive fees from the HAAS contract; and (iv) consequently, Defendants’ statements about the Company, its financial condition, and the outlook for its business, lacked a reasonable basis when made.
On October 29, 2014, the UK Department for Work and Pensions awarded MAXIMUS a significant contract to carry out health and disability benefits for over a period of three and a half years, called the Health Assessment Advisory Service ("HAAS") contract. On August 7, 2015, Maximus revealed its results for the third quarter of 2015, and said that it had encountered “some start-up challenges” with the HAAS contract. Then on November 12, 2015, Maximus revealed its financial and operating results for the fourth quarter of 2015, including news that the HAAS contract had delivered an operating loss of $4 million. Then on February 4, 2016, Maximus announced its earnings for the first quarter of 2016, again missing expectations and confirming its inability to meet HAAS contract assessment targets.

Shareholders have until October 6, 2017 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.

Keep Me Informed

The Klein Law Firm does not share your information with others. There is no cost or obligation. This submission does not create an attorney-client relationship. If we believe that you might be an appropriate lead plaintiff, we will contact you to discuss whether to establish an attorney-client relationship.

This letter confirms that you have retained The Klein Law Firm to represent you as a named plaintiff in a shareholder action involving MAXIMUS, Inc.

We agree to advance all expenses in the litigation, which means that you are not liable to pay any of the expenses of the lawsuit, whether attorneys' fees or costs. Regardless of the result, we will never ask you to directly pay for any attorneys' fees or costs. Should we obtain a favorable result, we may ask the court to award us compensation to be paid by the defendants or as a portion of any class benefit, but, again, we will never ask you to directly pay any of the costs of this litigation.

As the client you are entitled to direct the litigation in any way you deem proper, and may at any time order us to dismiss the case or opt-out. Should you choose to do so, we will never ask you to reimburse us directly for any legal fees or expenses. During the course of this litigation, we may employ and/or work with other law firms to prosecute your case.

We look forward to representing you and other MAXIMUS, Inc. shareholders.

Sincerely,

The Klein Law Firm

Joseph Klein

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