BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of India Globalization Capital, Inc. (“India Globalization” or the “Company”) (OTC: IGC, IGCC) investors concerning the Company and its officers’ possible violations of federal securities laws.
On October 29, 2018, the NYSE American LLC (“NYSE American” or the “Exchange”) announced “that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of India Globalization Capital, Inc. — ticker symbol IGC —from the Exchange. Trading in the Company’s common stock on the NYSE American will be suspended immediately.” As a result, shares of India Globalization were suspended until October 30, 2018, when shares of IGC began trading on the OTC under the ticker symbol “IGCC.” India Globalization’s share price fell $1.93 per share, or more than 77.5%, to close at $0.56 per share on October 30, 2018, thereby injuring investors.
If you purchased India Globalization 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 howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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