NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Viking Investments Group, Inc. (OTC: VKIN) resulting from allegations that Viking Investments Group may have issued materially misleading business information to the investing public.
On July 7, 2016, Viking Investments Group announced the resignation of Cecile Guangfang Yang as Chief Financial Officer and a member of the Board of Directors. On this news, shares of Viking Investments Group fell $0.10 per share or over 34% to close at $0.19 per share on July 7, 2016. On October 13, 2016, Viking Investments Group announced the resignation of its independent registered public accounting firm, which stated in a letter to Viking Investments Group that: (1) it believed an illegal act may have occurred; (2) its audit report on the financial statements of Viking Investments Group as of and for the year ended December 31, 2015 and its interim review for the three-month period ending September 30, 2015 should not be relied upon; and (3) Viking Investments Group’s Form 10-Q for the three-month period ended March 31, 2016, and Form 10-Q for the six-month period ended June 30, 2016 should not be relied upon. On this news, shares of Viking Investments Group fell $0.03 per share or 20% to close at $0.12 per share on October 14, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Viking Investments Group investors. If you purchased shares of Viking Investments Group on or before October 13, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-969.html for more information. You may also 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.
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