NEW YORK, March 23, 2016 /PRNewswire/ -- Pomerantz LLP
is investigating claims on behalf of investors of Amaya, Inc.
("Amaya" or the "Company") (NASDAQ: AYA). Such investors are
advised to contact Robert S.
Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext.
9980.
The investigation concerns whether Amaya and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
On March 23, 2016, Quebec's securities regulator the Autorité des
marches financiers ("AMF") announced insider trading charges
against Amaya's Chief Executive Officer and founder David Baazov, along with other company
insiders. The AMF's charges come two months after Amaya
announced a non-binding proposal from Baazov to take the company
private.
On this news, Amaya stock has fallen as much as $3.95 per share, or 17.72%, to $10.30 during intraday trading on March 23, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Los
Angeles, and Florida, is
acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late
Abraham L. Pomerantz, known as the
dean of the class action bar, the Pomerantz Firm pioneered the
field of securities class actions. Today, more than 80 years later,
the Pomerantz Firm continues in the tradition he established,
fighting for the rights of the victims of securities fraud,
breaches of fiduciary duty, and corporate misconduct. The Firm has
recovered numerous multimillion-dollar damages awards on behalf of
class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP