SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Amaya Inc. to C...
April 20 2016 - 10:20PM
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been
commenced in the United States District Court for the Southern
District of New York on behalf of purchasers of Amaya Inc.
(Nasdaq:AYA) (“Amaya” or the “Company”) common stock during the
period between June 8, 2015 and March 22, 2016, inclusive (the
“Class Period”). Investors with losses in excess of $100,000
who wish to become proactively involved in the litigation have
until May 24, 2016 to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and
the Class, you must apply to be appointed lead plaintiff and be
selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether
to accept a settlement for the Class in the action. The lead
plaintiff will be selected from among applicants claiming the
largest loss from investment in the Company’s common stock during
the Class Period. Members of the Class will be represented by
the lead plaintiff and counsel chosen by the lead plaintiff.
No class has yet been certified in the above action.
The complaint accuses the defendants of violations
of the Securities Exchange Act of 1934 by virtue of the defendants’
failure to disclose during the Class Period that the Company’s CEO
was engaged in an insider trading scheme that involved influencing
the market price of the Amaya’s securities and communicating
privileged information to third parties and that Amaya lacked
adequate internal controls.
According to the complaint, following the March 23,
2016 news reports that Company CEO David Baazov was charged with
insider trading by Quebec securities regulators, including
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, the value of Amaya shares declined significantly.
If you have suffered a loss from investment in
Amaya common stock purchased on or after June 8, 2015 and held
through the revelation of negative information during and/or at the
end of the Class Period and would like to learn more about this
lawsuit and your ability to participate as a lead plaintiff,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentsecuritiescases.html. You
may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. Brower Piven also encourages anyone with
information regarding the Company’s conduct during the period in
question to contact the firm, including whistleblowers, former
employees, shareholders and others.
Attorneys at Brower Piven have extensive experience
in litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s. If
you choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time
to be a member of the class.
CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
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