Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Amaya, Inc. To Contact The Firm Before Lead Plaintiff Deadline
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Amaya Inc. (“Amaya” or the “Company”) (NASDAQ:AYA) of the May 24, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Amaya securities between June 8, 2015 and March 22, 2016 (the “Class Period”). The case, Mattie v. Amaya Inc., et al., No. 1:16-cv-02237 was filed on March 25, 2016 and has been assigned to Judge P. Kevin Castel.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that its Chief Executive Officer (“CEO”) was involved in an insider trading scheme. Specifically, on March 23, 2016, Bloomberg Business, among other news outlets, reported that the Company’s CEO, David Baazov, was charged with insider trading by Quebec securities regulators.
After the announcement, Amaya’s share price fell from $14.25 per share on March 22, 2016 to a closing price of $11.18 per share on March 23, 2016 —a $3.07 or a 21.5% drop.
If you invested in Amaya securities between June 8, 2015 and March 22, 2016 and would like to discuss your legal rights, please 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 Amaya’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.
* The submission of this form does not create an attorney-client relationship.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.