Scott+Scott, Attorneys at Law, LLP Reminds Investors of Upcoming Deadline to File Lead Plaintiff Papers in Amaya, Inc. (AYA) ...
19 May 2016 - 1:30AM
Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a global
investor rights law firm, reminds investors that
May 24,
2016 is the last day to file lead plaintiff papers in the
securities lawsuit against Amaya, Inc. (“Amaya” or “Company”)
(NASDAQ:AYA) and certain of its directors (collectively,
“Defendants”). Amaya investors are encouraged to contact
Scott+Scott at (800) 404-7770 or email scottcases@scott-scott.com
to discuss their legal rights.
About the Lawsuit
The action alleges that defendants made false
and/or misleading statements and/or failed to disclose that: (1)
the Company’s Chief Executive Officer during the Class Period (June
8, 2015 – March 22, 2016, inclusive), David Baazov, was engaged in
an insider trading scheme that involved influencing the market
price of the Company’s securities and communicating privileged
information to third parties; (2) the Company lacked adequate
internal controls; and (3) as a result of the foregoing,
defendants’ statements about Amaya’s business, operations, and
prospects, were false and misleading and/or lacked a reasonable
basis.
On March 23, 2016, news outlets reported that
Baazov was charged with insider trading by Quebec securities
regulators. Bloomberg reported that the charges included
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. On this news, Amaya’s stock fell $3.07 per
share, or 21.54% from a closing price of $14.25 on March 22, 2016,
to close at $11.18 per share on March 23, 2016, on extraordinarily
heavy trading volume.
What You Can Do
If you purchased shares of Amaya, you may have
legal claims against the Company. If you want to discuss
filing lead plaintiff papers or have questions about your legal
rights, please contact by telephone at (800) 404-7770, or by email
at scottcases@scott-scott.com or mburnett@scott-scott.com.
About Scott + Scott, Attorneys at Law,
LLP
Scott+Scott has significant experience
prosecuting major securities, antitrust, and employee retirement
plan actions throughout the United States. The firm has
offices in New York, London, Connecticut, California, and Ohio.
Please visit www.scott-scott.com for more information about
the firm.
CONTACT:
Michael Burnett
Scott+Scott, Attorneys at Law, LLP
(800) 404-7770
(860) 537-5537
scottcases@scott-scott.com, or
mburnett@scott-scott.com
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