The Shareholders Foundation announces that a deadline is coming up on May 4, 2015 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Camelot Information Systems Inc (NYSE: CIS) between October 23, 2008 and February 24, 2014.
Investors who purchased a significant amount of American Depositary Shares (ADS) of Camelot Information Systems Inc (NYSE: CIS) between October 23, 2008 and February 24, 2014, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in Camelot Information Systems Inc (NYSE: CIS) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/camelot-information-systems-inc-ads-nyse-cis-investor-securities-class-action-lawsuit-01052012
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is March 31, 2015. The class action administrator for this case is Gilardi & Co LLC.
The lawsuit was originally filed in in the U.S. District Court for the Southern District of New York against Camelot Information Systems Inc over alleged Violations of Federal Securities Laws. According to the complaint the plaintiff alleges that behalf of purchasers of Camelot Information Systems Inc ADS between July 21, 2010 and August 17, 2011, including those who acquired Camelot Information Systems Inc ADS pursuant or traceable to the Company’s Registration Statements and Prospectuses issued in connection with its July 21, 2010 initial public offering and December 10, 2010 Secondary Offering, that Camelot Information Systems Inc, certain of its officers and directors and the underwriters of the Offerings violated the Securities Act of 1933 and the Securities Exchange Act of 1934.
On July 21, 2010, Camelot Information Systems Inc announced the pricing of its IPO at $11.00 per NYSE: CIS ADS. Subsequently, on December 9, 2010, Camelot Information Systems Inc announced the pricing of its Secondary Offering at $19.50 per NYSE: CIS ADS.
Then on August 15, 2011, so the plaintiff, an article quested several key components of Camelot Information Systems Inc’s business. On August 18, 2011, Camelot Information Systems Inc issued a press release announcing its second quarter 2011 unaudited financial results, including guidance for fiscal 2011.
Those who purchased shares of Camelot Information Systems Inc (NYSE: CIS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com