NEW YORK--(BUSINESS WIRE)--Zamansky LLC announces that it is investigating Celadon Group Incorporated (NYSE:CGI)(“Celadon”), the trucking company based in Indianapolis, Indiana, for potential breaches of fiduciary duties to shareholders. Celadon’s accounting practices have come under scrutiny in a series of articles authored by analyst Jay Yoon posted on SeekingAlpha. Mr. Yoon alleges that Celadon manipulated its financial reporting to artificially boost performance and mask that it is running out of cash. He also raises issues over whether Celadon’s officers wrongfully benefited at the shareholders’ expense through the company’s transactions with 19th Capital and Element Fleet Management.
The investigation will focus on the issues raised by Mr. Yoon in his articles. According to Jake Zamansky, investment fraud attorney, Celadon’s corporate officers and directors owe their shareholders fiduciary duties which include duties of loyalty. Celadon’s officers are required to put the shareholder’s interests first, Zamansky says.
What Celadon Shareholders Can Do
If you are a shareholder of Celadon who purchased before September 2015 and who still holds the stock, please contact us to review or discuss your legal rights. You may, without obligation or cost to you, email firstname.lastname@example.org or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm specializing in securities, hedge fund and shareholder class action litigation. We are investment fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.
To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.