Scott + Scott, LLP Notifies Investors that a Securities Lawsuit Has Been Filed Against Amaya, Inc. (AYA)
April 28 2016 - 11:46AM
Scott + Scott, Attorneys at Law, LLP, a global investor rights law
firm, notifies investors that a securities lawsuit has been filed
on behalf of investors in Amaya, Inc. (Nasdaq:AYA). Amaya investors
are encouraged to contact Scott + Scott at
(800)
404-7770 or email mburnett@scott-scott.com or
jhalloran@scott-scott.com to discuss their legal rights.
About the Lawsuit
The action alleges that defendants made false and/or misleading
statements and/or failed to disclose: (1) that the Company’s Chief
Executive Officer (“CEO”) during the Class Period, David Baazov,
was engaged in an insider trading scheme that involved influencing
the market price of the Company’s securities and communicating
privileged information to third parties; (2) the Company lacked
adequate internal controls; and, (3) that, as a result of the
foregoing, defendants’ statements about Amaya’s business,
operations, and prospects, were false and misleading and/or lacked
a reasonable basis.
On March 23, 2016, news outlets reported that Baazov was charged
with insider trading by Quebec securities regulators.
Bloomberg 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 21.54% from a
closing price of $14.25 on March 22, 2016, to close at $11.18 per
share on March 23, 2016, on extraordinarily heavy trading
volume.
What you can do
If you purchased shares of Amaya stock, you may
have legal claims against the Company. If you want to discuss
the case, or have questions about your legal rights, please contact
Michael Burnett, Esq. or Joseph Halloran, Esq. by telephone at
(800) 404-7770 or by email at
mburnett@scott-scott.com or
jhalloran@scott-scott.com.
About Scott + Scott, Attorneys at Law,
LLP
Scott + Scott has significant experience
prosecuting major securities, antitrust, and employee retirement
plan actions throughout the United States. The firm has
offices in New York, London, Connecticut, California and Ohio.
Please visit www.scott-scott.com for more information about the
firm.
CONTACT:
Scott + Scott, Attorneys at Law, LLP
Michael Burnett, Esq.
Joseph Halloran, Esq.
(800) 404-7770
mburnett@scott-scott.com
jhalloran@scott-scott.com
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