SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of federal and state law by CTPartners Executive Search Inc. (NYSE MKT: CTP) and certain of its officers and directors. CTPartners provides retained executive search services worldwide.
On December 8, 2014, The New York Post reported that an “explosive” complaint had been filed with the Equal Employment Opportunity Committee by a former CTPartners employee. The complaint reportedly detailed CTPartners as “a den of discrimination where women are stripped of profitable accounts, held to a higher standard than their male colleagues and subjected to lewd behavior.”
That same day, CTPartners abruptly withdrew a stock offering that had been announced less than 24 hours earlier. The Company had planned to offer 702,703 shares of common stock.
On January 21, 2015, CTPartners announced its preliminary fourth quarter and full fiscal year 2014 financial results. The Company announced preliminary adjusted earnings per share (“EPS”) for the quarter of $0.06 to $0.08 per share, which came in well below the Company’s original guidance. CTPartners blamed the miss on unanticipated expenses related to increased management, administrative and business development costs.
Then, on January 28, 2015, the Company withdrew its preliminary fourth quarter and year-end guidance provided only one week earlier and revised downward its earnings guidance for the first quarter and full fiscal year 2015.
CTPartners stock closed on February 11, 2015 at $6.43 per share, well off its 52-week high of $23.75 per share.
If you have information that could assist in this investigation, or if you are a CTPartners shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (email@example.com) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.
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