LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Citizens, Inc. (“CIA” or the “Company”) (NYSE: CIA). Investors who purchased or otherwise acquired CIA shares between March 11, 2015, and March 8, 2017, inclusive (the “Class Period”), are encouraged to contact the firm in advance of the May 15, 2017 lead plaintiff deadline.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
SeekingAlpha published an article stating that some premiums paid by policyholders are sent to Citizens’ transfer agent to make market purchases of Citizens stock, artificially inflating Citizens’ stock price. When this information was offered to the investing public, CIA stock dropped, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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