LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Celadon Group, Inc. (“Celadon” or the “Company”) (NYSE: CGI) investors concerning the Company and its officers’ possible violations of federal securities laws.
On April 5, 2017, a report was published on SeekingAlpha.com by Prescience Point Research Group entitled, “Celadon Group: A Story That Ends At Chapter 11.” Prescience Point claimed in the report it believed Celadon overstated its second quarter 2017 tangible book value and last twelve month profits by an estimated $219 million through a series of off-balance sheet transactions and other improper accounting. In response to this publication, the price of the Company’s shares fell 13.6%, to close at $5.40 per share on April 5, 2017.
If you purchased Celadon 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 email@example.com, 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.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.