EPAX SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Securities Fr...
27 August 2015 - 7:26AM
Business Wire
Levi & Korsinsky announces it has commenced an investigation
of Ambassadors Group Inc. (NASDAQGS:EPAX) concerning possible
violations of federal securities laws by certain officers and
directors. The investigation concerns whether certain statements
made by Ambassadors Group regarding its business and prospects were
false and misleading, resulting in significant investment losses to
shareholders. On July 13, 2015, after the market close, Ambassadors
Group surprised investors by announcing the cessation of operations
by 2015 year-end, citing declining revenues and declining travelers
for several years. This news shocked the market and sent the
company’s shares into a free-fall—losing approximately 31% in
pre-market trading on July 14, 2015, from $2.40 to approximately
$1.75 per share on intraday trading July 14, 2015. To obtain
additional information, go to:
http://zlk.9nl.com/ambassadors-group-epax
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar
outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20150826006200/en/
Levi & Korsinsky, LLPEduard Korsinsky, Esq.30 Broad Street -
24th FloorNew York, NY 10004Tel: 212-363-7500Toll Free:
877-363-5972Fax: 212-363-7171www.zlk.com
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