Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Amaya Inc. to Contact Brower Piven...
01 April 2016 - 11:00AM
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.
CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
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