NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of Celadon Group, Inc. securities (NYSE: CGI) from September 13, 2016 through May 1, 2017, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Celadon investors under the federal securities laws.
To join the Celadon class action, go to http://www.rosenlegal.com/cases-1113.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Celadon’s equity contribution to its joint venture with Element Financial Corp. was $68.2 million, rather than the $100 million contribution as reported in its public filings; (2) Celadon is being actively investigated by the SEC; (3) Celadon’s financial statement for the fiscal year ended June 30, 2016 could not be relied upon; (4) Celadon’s financial statement for quarter ended September 30, 2016 could not be relied upon; (5) Celadon’s financial statement for quarter ended December 31, 2016 could not be relied upon; and (6) as a result, defendants’ statements about Celadon’s business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 19, 2017. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1113.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.