INVESTOR ALERT: Investigation of Amaya, Inc. Announced by Law Offices of Howard G. Smith
April 08 2016 - 10:30AM
Business Wire
Law Offices of Howard G. Smith 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. Law Offices of Howard G.
Smith is preparing a lawsuit on behalf of injured investors.
On March 23, 2016, news outlets reported that Amaya’s Chief
Executive Officer (“CEO”), David Baazov, was charged with insider
trading by Quebec securities regulators. Bloomberg Business
reported that the charges included “allegations of ‘aiding with
trades while in possession of privileged information,’ influencing
or attempting to influence the market price of securities of Amaya,
and communicating privileged information.”
On this news, Amaya’s stock fell $3.07 per share, or more than
21%, to close at $11.18 per share on March 23, 2016, on unusually
heavy trading volume, thereby injuring investors.
On March 31, 2016, the Company announced that CEO David Baazov
had taken an indefinite leave of absence, “On March 29, 2016,
Amaya announced that Chairman and Chief Executive Officer, David
Baazov, is taking an indefinite paid leave of absence from the
Company, effective March 28, 2016. Mr. Baazov is taking
this leave voluntarily to focus on preparing an offer to acquire
Amaya and to avoid a distraction for the Company while he responds
to certain allegations made against him by the Autorité des marchés
financiers, the securities regulatory authority in Quebec.”
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 Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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/20160408005157/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
Stars (NASDAQ:TSG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Stars (NASDAQ:TSG)
Historical Stock Chart
From Jul 2023 to Jul 2024