The Shareholders Foundation announces that an investigation on behalf of investors of NOBLE GROUP LTD (OTCMKTS:NOBGF, OTCMKTS:NOBGY) shares was launched over potential securities laws violations by NOBLE GROUP LTD and certain of its directors and officers in connection certain financial statements.
Investors who purchased shares of NOBLE GROUP LTD (OTCMKTS:NOBGF, OTCMKTS:NOBGY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of NOBLE GROUP LTD (OTCMKTS:NOBGF, OTCMKTS:NOBGY) concerning whether a series of statements by NOBLE GROUP LTD regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 15, 2015, a report was issued that alleged, among other things, that Noble Group exploits the accounting treatment of its associates to avoid large impairments and fabricate profit; and that contrary to what Noble Group’s management claims, the misfortunes of these associates have a substantial cash impact on Noble.
Shares of OTCMKTS:NOBGF declined to a low as $0.66 per share on March 11, 2015 and shares of OTCMKTS:NOBGY declined to as low as $13.14 per share on March 11, 2015.
Those who purchased shares of NOBLE GROUP LTD (OTCMKTS:NOBGF, OTCMKTS:NOBGY) 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