Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In CTPartners Executive Search Inc. (CTP) To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in CTPartners Executive Search Inc. (“CTPartners” or the “Company”) (NYSE: CTP) of the April 28, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against CTPartners and certain executives.
A complaint has been filed in the Southern District of New York on behalf of all persons who purchased CTPartners common stock from February 26, 2014 through January 28, 2015, inclusive (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its statements concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, CTPartners failed to disclose that the Company operated in an environment in which employees were subjected to crude, improper, and discriminatory practices, threatening CTPartners’ ability to raise capital, retain employees and successfully execute core business functions.
On January 28, 2015, the Company announced that, due to a $1.7 million increase in compensation expense for employee bonuses, it will be revising its fourth quarter and year-end preliminary earnings results provided just one week earlier as well as its earnings guidance for the first quarter and full fiscal year 2015. CTPartners also withdrew a proposed stock offering.
Following this news, the price of the Company’s stock declined by $2.17 or over 33%, to close at $4.35 on January 29, 2015.
If you invested in CTPartners stock or options between February 26, 2014 through January 28, 2015 and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding CTPartners’ conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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