NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Ambassadors Group Inc. (NASDAQGS:EPAX) concerning possible violations of federal securities laws by certain officers and directors. The investigation concerns whether certain statements made by Ambassadors Group regarding its business and prospects were false and misleading, resulting in significant investment losses to shareholders. On July 13, 2015, after the market close, Ambassadors Group surprised investors by announcing the cessation of operations by 2015 year-end, citing declining revenues and declining travelers for several years. This news shocked the market and sent the company’s shares into a free-fall—losing approximately 31% in pre-market trading on July 14, 2015, from $2.40 to approximately $1.75 per share on intraday trading July 14, 2015. To obtain additional information, go to:
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Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.