LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Citizens, Inc. (“Citizens” or the “Company”) (NYSE: CIA). Investors who purchased or otherwise acquired 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 motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that throughout the Class Period, the Company violated the Securities Exchange Act of 1934. On March 8, 2017, SeekingAlpha released an article claiming that some premiums paid by policyholders are sent to Citizens’ transfer agent with the intention of rendering market purchases of Citizens stock – artificially inflating Citizens’ stock price. When this news was released to the public, the value of Citizens stock declined, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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