Hagens Berman Alerts Amaya, Inc. (NASDAQ: AYA) Investors of May 24, 2016 Lead Plaintiff Deadline in Securities Class Action
07 April 2016 - 10:30PM
Hagens Berman Sobol Shapiro LLP, a national investor-rights law
firm, alerts Amaya, Inc. (NASDAQ:AYA) investors of the May 24, 2016
lead plaintiff deadline in the securities class action lawsuit
related to the Company’s Chairman, President and Chief Executive
Officer’s alleged insider trading.
If you suffered significant losses because of your purchases of
AYA between June 8, 2015 and March 23, 2016 or have information
that will help our investigation contact Hagens Berman Partner Reed
Kathrein, who is leading the firm’s investigation by calling
510-725-3000, emailing AYA@hbsslaw.com or visiting
https://www.hbsslaw.com/cases/AYA. The lawsuit was filed in
the U.S. District Court for the Southern District of New York and
investors have until May 24, 2016 to move the court to participate
as a lead plaintiff.
The class action complaint alleges that just days before Amaya’s
June 8, 2015 listing on the Nasdaq exchange, the Company announced
in response to the Canadian regulators’ inquiry into whether David
Baazov engaged in insider trading that the Company found no
wrongdoing and assured investors that it believed no charges would
follow. On March 23, 2016, Canadian regulators criminally
charged Defendant Baazov with insider trading. On this news,
Amaya’s stock price plummeted $3.07, over 21%, to close at $11.18
per share on March 23, 2016.
Throughout the Class Period, Amaya made materially false and
misleading statements and failed to disclose that: (a)
Amaya’s Chairman, President, and CEO David Baazov engaged in an
insider trading scheme by providing privileged information to third
parties and artificially inflated the price of the Company’s
securities; and (b) the Company lacked adequate internal
controls.
Whistleblowers: Persons with non-public
information regarding Amaya, Inc. should consider their options to
help in the investigation or take advantage of the SEC
Whistleblower program. Under the new SEC whistleblower program,
whistleblowers who provide original information may receive rewards
totaling up to 30 percent of any successful recovery made by the
SEC. For more information, call Reed Kathrein at
510-725-3000 or email AYA@hbsslaw.com.
About Hagens Berman Hagens Berman is headquartered in Seattle,
Washington with offices in 10 cities. The Firm represents
investors, whistleblowers, workers and consumers in complex
litigation. More about the Firm and its successes can be found at
www.hbsslaw.com. Read the Firm’s Securities Newsletter, and visit
the blog. For the latest news visit our newsroom or follow us on
Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000
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