NEW YORK, Nov. 7, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City announces an investigation against Re/Max Holdings, Inc. (NYSE: RMAX)("Re/Max" or the "Company") for possible violations of federal securities laws.
The investigation focuses on whether Re/Max and certain of its officers and/or directors violated federal securities laws.
On November 2, 2017, the Company issued a press release announcing that it would be postponing the release of its third quarter earnings as a result of an internal investigation. According to the announcement, a special committee has been appointed to investigate "allegations of wrongdoing in employment practices and conduct, [and] matters [that may] constitute to violations of the Company's codes of ethics and business conduct and policies" in connection with a previously undisclosed $2.375 million dollar personal loan at below market interest rate the Company's Co-CEO, Adam M. Contos, received from Co-CEO and Chairman, David L. Linger.
Following this announcement, RE/MAX shares plummeted, trading for as low as $51.10 on November 3, nearly $15.00 less than the previous day's opening price of $66.55.
Mr. Monteverde would like to personally discuss with you how to potentially recover your monetary losses.
Click here for more information: http://monteverdelaw.com/securities/. It is free and there is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013 and 2017, an award given to less than 2.5% of attorneys in a particular field.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates PC. Prior results do not guarantee a similar outcome with respect to any future matter.
SOURCE Monteverde & Associates PC
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