NEW YORK, April 7, 2016 /PRNewswire/ -- Faruqi &
Faruqi, LLP, a leading national securities law firm, reminds
investors in Amaya Inc. ("Amaya" or the "Company") (NASDAQ:AYA) of
the May 24, 2016 deadline to seek the
role of lead plaintiff in a federal securities class action lawsuit
filed against the Company and certain officers.
The lawsuit has been filed in the U.S. District Court for the
Southern District of New York on
behalf of all those who purchased Amaya securities between
June 8, 2015 and March 22, 2016 (the "Class Period"). The
case, Mattie v. Amaya Inc., et al., No. 1:16-cv-02237 was
filed on March 25, 2016 and has been
assigned to Judge P. Kevin
Castel.
The lawsuit focuses on whether the Company and its executives
violated federal securities laws by failing to disclose that its
Chief Executive Officer ("CEO") was involved in an insider trading
scheme. Specifically, on March 23,
2016, Bloomberg Business, among other news outlets, reported
that the Company's CEO, David
Baazov, was charged with insider trading by Quebec securities regulators.
After the announcement, Amaya's share price fell from
$14.25 per share on March 22, 2016 to a closing price of $11.18 per share on March
23, 2016 —a $3.07 or a 21.5%
drop.
Request more information now by clicking here:
www.faruqilaw.com/AYA . There is no cost or obligation to
you.
Take Action
If you invested in Amaya stock or options between June 8, 2015 and March 22,
2016 and would like to discuss your legal rights, visit
www.faruqilaw.com/AYA. You can also contact us by calling
Richard Gonnello toll free at
877-247-4292 or at 212-983-9330 or by sending an e-mail to
rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also
encourages anyone with information regarding Amaya's conduct to
contact the firm, including whistleblowers, former employees,
shareholders and others.
The court-appointed lead plaintiff is the investor with the
largest financial interest in the relief sought by the class that
is adequate and typical of class members who directs and oversees
the litigation on behalf of the putative class. Any member of the
putative class may move the Court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member. Your ability to share in any
recovery is not affected by the decision of whether or not to serve
as a lead plaintiff.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with
respect to any future matter. We welcome the opportunity to discuss
your particular case. All communications will be treated in a
confidential manner.
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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