EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Liquid Holdings Group, Inc. – LIQD...
28 October 2015 - 7:06AM
Rosen Law Firm, a global investor rights firm, announces that a
class action lawsuit has been filed on behalf of purchasers Liquid
Holdings Group, Inc. (NASDAQ:LIQD) securities pursuant and/or
traceable to Liquid Holdings’ Initial Public Offering on or about
July 25, 2013 and/or during the period from July 26, 2013 through
December 23, 2014, inclusive (the “Class Period”). The lawsuit
seeks to recover damages for Liquid Holdings investors under the
federal securities laws.To join the Liquid Holdings class action,
go to the firm’s website at
http://www.rosenlegal.com/cases-723.html or call Phillip Kim, Esq.
or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action. NO CLASS HAS YET BEEN CERTIFIED IN THE
ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT
REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN
AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY
RETAIN COUNSEL OF YOUR CHOICE.According to the lawsuit, defendants
throughout the Class Period made false and/or misleading statements
and/or failed to disclose that: (1) Liquid Holdings was overstating
its ability to generate customers; (2) Liquid Holdings’ business
model was unsustainable; (3) the financial condition of Liquid
Holdings’ main and largest customer—an investment entity known as
QuantX Management, LLP—was deteriorating; (4) as a result, Liquid
Holdings’ financial results and operating metrics were overstated;
(5) as such, Liquid Holdings’ financial statements were not
prepared in accordance with Generally Accepted Accounting
Principles; (6) Liquid Holdings lacked adequate internal controls;
and (7) as a result, Liquid Holdings’ financial statements and
defendants’ statements about Liquid Holding’s business, operations,
and prospects, were materially false and misleading at all relevant
times. When the true details entered the market, the lawsuit claims
that investors suffered damages.
A class action lawsuit has already been filed.
If you wish to serve as lead plaintiff, you must move the Court no
later than November 20, 2015. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to the firm’s
website http://www.rosenlegal.com/cases-723.html or to discuss your
rights or interests regarding this class action, please contact
Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free
at 866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout
the globe, concentrating its practice in securities class actions
and shareholder derivative litigation.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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