LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of Citizens, Inc. (“Citizens” or the “Company”) (NYSE: CIA) concerning the Company’s and its officers’ possible violations of federal securities laws.
On March 8, 2017, Seeking Alpha published an article alleging that Citizens sells insurance policies through a network of brokers who prey on foreign families and retirees with promises of “guaranteed returns” backed by U.S. Treasuries. According to the article, Citizens was using a portion of the premiums paid by policyholders to make open market purchases of Citizens stock—artificially propping up the Company’s stock price. On this news, shares of Citizens fell nearly 4% on March 8, 2017.
If you purchased Citizens securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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