Investor Alert: GPM Commences Investigation on Behalf of Amaya, Inc. Investors
March 23 2016 - 12:10PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces an
investigation on behalf of investors of Amaya, Inc. ("Amaya" or the
"Company") (NASDAQ: AYA) concerning the Company and its officers’
possible violations of federal securities laws. GPM is preparing a
lawsuit on behalf of injured investors.
On March 23, 2016, news reports disclosed that Amaya’s chief
executive officer, David Baazov, faces insider trading charges
brought by Quebec's securities regulator Autorite des march
financiers (the "AMF"). The AMF also announced that charges have
been brought against Benjamin Ahdoot, Yoel Altman, Diocles Capital
Inc., Sababa Consulting Inc. and others.
According to the AMF, Baazov allegedly aided with trades while
in possession of privileged information, influencing or attempting
to influence the market price of Amaya securities and communicating
privileged information.
On this news shares of Amaya fell over $3.20 per share, or 22%,
during intraday trading on March 23, 2016.
If you purchased Amaya securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire,
of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California
90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160323006149/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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