BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Celadon Group, Inc. (“Celadon” or the “Company”) (NYSE: CGI) investors concerning the Company and its officers’ potential violation 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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