NEW YORK, April 4, 2016 /PRNewswire/ -- The Law Offices of
Vincent Wong announce that a class
action lawsuit has been commenced in the USDC for the Central
District of California on behalf
of investors who purchased IRSA Inversiones y Representaciones S.A.
(NYSE: IRS) American Depositary Receipts between November 3, 2014 and December 30, 2015.
Click here to learn about the case:
http://docs.wongesq.com/IRS-Info-Request-Form-1123. There is
no cost or obligation to you.
The complaint alleges that throughout the Class Period
Defendants issued false and misleading statements to investors
and/or failed to disclose that: (1) IRSA's subsidiary, Dolphin
Netherlands B.V. ("Dolphin"), does not adequately qualify as a
Venture Capital Organization, and therefore, IDB Development
Corporation Limited's ("IDBD") $6.7
billion net debt should be consolidated with IRSA's
financial statements; (2) the impending consolidation of IDBD's
debt would violate IRSA's Global Notes Indenture; (3) the terms of
the February 10, 2015 related party
transaction between Dolphin and Inversiones Financieras Del Sur
S.A.; and (4) as a result, IRSA's public statements were materially
false and misleading at all relevant times.
If you suffered a loss in IRSA you have until April 25, 2016 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff. To
obtain additional information, contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.425.1140, or visit
http://docs.wongesq.com/IRS-Info-Request-Form-1123.
Vincent Wong, Esq. is an
experienced attorney that has represented investors in securities
litigations involving financial fraud and violations of shareholder
rights. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent
Wong