INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses in Excess of $100,000 from Investment in Amaya Inc. to C...
April 08 2016 - 9:00PM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160408005907/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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