IMPORTANT AMAYA INC. SHAREHOLDER ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that it has filed a class action ...
April 06 2016 - 1:19PM
Wolf Haldenstein Adler Freeman & Herz LLP announces that a
shareholder class action lawsuit has been filed in the United
States District Court for the Southern District of New York against
Amaya Inc. ("Amaya" or the "Company") (NASDAQ:AYA) on behalf
of all investors in Amaya securities purchased between June
8, 2015 and March 23, 2016, inclusive (“Class Period”).
Shareholders who have incurred losses in
securities are urged to contact the firm immediately at
classmember@whafh.com or (800) 575-0735 or (212) 545-4774.
In addition, investors who purchased shares of Amaya Inc.
(TSX:AYA) shares on the Toronto Stock Exchange (“TSX”) are
encouraged to contact the firm to obtain additional
information.
If you purchased shares of Amaya Inc., you may,
no later than May 24, 2016, request that the Court
appoint you lead plaintiff of the proposed class.
On March 23, 2016, the Quebec securities
regulator, Autorite des March Financiers (the "AMF"), announced
that it had charged Amaya's CEO and founder, David Baazov,
and other key insiders with insider trading. The AMF has been
working in conjunction with the Royal Canadian Mounted Police,
Quebec Police and U.S. regulators to determine why a large number
of investors bought shares of Amaya's stock prior to its $3.8
billion merger with industry stalwart PokerStars, and if these
share purchases were based upon insider information.
The AMF has stated that its investigation is
ongoing and it may file additional charges. On news of the
charges against Baazov, Amaya stock declined approximately 20%,
resulting in a loss of market capitalization to shareholders of
approximately $275 million. Baazov has since taken indefinite
leave from Amaya to address the charges.
Wolf Haldenstein has extensive experience in the
prosecution of securities class actions and derivative litigation
in state and federal trial and appellate courts across the
country. The firm has attorneys in various practice areas;
and offices in New York, Chicago and San Diego. The
reputation and expertise of this firm in shareholder and other
class litigation has been repeatedly recognized by the courts,
which have appointed it to major positions in complex securities
multi-district and consolidated litigation.
If you wish to discuss this action or have any
questions regarding your rights and interests in this case, please
immediately contact Wolf Haldenstein Adler Freeman & Herz LLP
by telephone at (800) 575-0735, via e-mail at
classmember@whafh.com, or visit our website at www.whafh.com.
All e-mail correspondence should make reference to the “Amaya class
action.”
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Gregory Nespole, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, nespole@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774
Stars (NASDAQ:TSG)
Historical Stock Chart
From Sep 2024 to Oct 2024
Stars (NASDAQ:TSG)
Historical Stock Chart
From Oct 2023 to Oct 2024