IMPORTANT SHAREHOLDER DEADLINE: Khang & Khang LLP Announces the Filing of a Securities Class Action Lawsuit Against MDC Partn...
29 August 2015 - 10:34AM
Business Wire
Khang & Khang LLP (the “Firm”) announces that a class action
lawsuit has been filed in the United States District Court for the
Southern District of New York against MDC Partners, Inc. (“MDC” or
the “Company”) (NASDAQ: MDCA). Investors who purchased or otherwise
acquired shares between September 24, 2013 and April 27, 2015,
inclusive (the “Class Period”) are encouraged to contact the Firm
immediately to discuss their legal options.
If you purchased shares of MDC during the class period, please
contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von
Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949)
419-3834, or by email at joon@khanglaw.com.
There has been no class certification in this case. Until
certification occurs, you are not represented by an attorney. You
may choose to take no action and remain a passive class member.
According to the complaint, on April 27, 2015, MDC issued its
financial results for the period ended March 31, 2015. MDC
announced that: (1) it had been actively cooperating with an SEC
investigation relating to the reimbursement of expenses incurred by
CEO Miles Nadal; (2) that Mr. Nadal had agreed to reimburse the
Company $8.6 million; (3) that during the quarter ended March 31,
2015, the Company incurred approximately $5.8 million in legal fees
and other related expenses relating to the inquiry; and (4) the
Company reassigned its CFO, Michael Sabatino, to a new role in the
Company.
If you purchased shares of MDC during the Class Period you have
until September 29, 2015 to ask the Court to appoint you as lead
plaintiff. If you wish to learn more about this lawsuit,
or if you have any questions concerning this notice or your rights,
please contact Joon M. Khang, a prominent litigator for almost two
decades, by telephone: (949) 419-3834, or by email at
joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20150828005757/en/
KHANG & KHANG LLPJoon M. Khang, Esq., 949-419-3834Facsimile:
949-225-4474joon@khanglaw.com
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