An investor, who purchased NYSE:CGI shares, filed a lawsuit over alleged violations of Federal Securities Laws by Celadon Group, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Celadon Group, Inc. (NYSE:CGI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Celadon Group, Inc. (NYSE:CGI) common shares between December 30, 2016 and April 18, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between December 30, 2016 and April 18, 2017, the Defendants made false and/or misleading statements and/or failed to disclose that Celadon Group, Inc’s equity contribution to its joint venture with Element Financial Corp. was $68.2 million, rather than the $100 million contribution the Company reported in its public filings; , that Celadon Group, Inc. is being actively investigated by the Unites States Securities and Exchange Commission (“SEC”), and that as a result of the foregoing, CGI’s publicly disseminated financial statements were materially false and misleading.
Those who purchased NYSE:CGI shares 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