Rosen Law Firm Announces Investigation of Securities Claims Against National General Holdings Corp — EQUITY ALERT

Claudine Rigal
Août 11, 2017

Glancy Prongay & Murray LLP ("GPM") announces that a class action lawsuit has been filed on behalf of investors who purchased Sequans Communications S.A. ("Sequans" or the "Company") (NYSE: SQNS) securities between April 29, 2016 through July 31, 2017, inclusive (the "Class Period"). On this news, shares of National General fell sharply during intraday trading on August 8, 2017.

To join the Pingtan class action, go to http://www.rosenlegal.com/cases-1125.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

The complaint alleges that defendants during the Class Period made false and misleading statements and/or failed to disclose that: (1) Booz Allen engaged in improper accounting practices in its contracts with the USA government; (2) consequently, Booz Allen's revenues derived from services provided to the US government were inflated and unsustainable; (3) discovery of such going conduct would subject Booz Allen to heightened regulatory scrutiny, potential criminal sanctions, and jeopardize its business relationship with the USA government; and (4) as a result, Booz Allen's public statements were materially false and misleading at all relevant times. On May 10, 2017, Aurelius Value published a report on Pingtan asserting, among other things, that Pingtan is specifically banned from Indonesia and Pingtan financed widespread illegal activity with investor capital. If you wish to serve as lead plaintiff, you must move the Court no later than August 22, 2017.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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