Amaya Inc. Shareholders are Reminded of the May 24, 2016 Deadline to Seek Lead Plaintiff Status in Pending Securities Fraud C...
May 06 2016 - 11:07PM
Investors in Amaya Inc. are reminded that the deadline for seeking
lead plaintiff status in the pending securities class action
against the Company (NASDAQ:AYA) is May 24, 2016.
Investors who purchased or otherwise acquired Amaya securities
on the NASDAQ exchange between June 8,
2015 and March 23, 2016 are eligible to serve as lead
plaintiffs in the class and are encouraged to contact Block &
Leviton LLP for more information about the lawsuit and how they can
participate in it.
Block & Leviton’s class action alleges that Amaya’s CEO
engaged in an insider-trading scheme and that the Company misled
investors about its internal controls, causing significant
financial harm.
On March 23, 2016, Quebec's securities regulator
Autorite des march financiers (the "AMF") announced that it charged
Amaya's CEO and founder, David Baazov and other key
insiders with insider trading. The AMF is working in
conjunction with the Royal Canadian Mounted
Police, Quebec Police and U.S. regulators investigating
why an atypical amount of forward-looking bets were made on Amaya's
stock prior to its merger with PokerStars. The AMF’s
investigation is ongoing and it may file additional
charges.
On news of the charges against Baazov, Amaya stock declined
approximately 20%, representing a market capitalization loss of
approximately $275 million. Baazov has since taken
indefinite leave from Amaya to address the charges.
Amaya investors are reminded that if they wish to become a lead
plaintiff, they must move the Court no later than May 24,
2016. If you have questions about your legal rights, would
like a copy of the complaint or if you have information relevant to
this lawsuit, please contact attorney Steven Harte at (617)
398-5600 or at Steven@blockesq.com or
attorney Bradley Vettraino at (617) 398-5600
or Bradley@blockesq.com.
Block & Leviton LLP (www.blockesq.com) is a securities
litigation firm representing investors nationwide and its
investigations into corporate wrong-doing have recently been
covered by the New York Times. With offices in both
Boston and the Bay Area, Block & Leviton represents some
of the nation's largest institutional investors and has recovered
more than a billion dollars for its clients.
This notice may constitute attorney advertising.
Contact:
BLOCK & LEVITON LLP
Steven Harte
Bradley Vettraino
155 Federal St
Boston MA 02110
(617) 398-5600
Steven@blockesq.com
Bradley@blockesq.com
Stars (NASDAQ:TSG)
Historical Stock Chart
From Jul 2024 to Aug 2024
Stars (NASDAQ:TSG)
Historical Stock Chart
From Aug 2023 to Aug 2024