CTPartners Executive Search Inc. Investors Encouraged to Contact Securities Law Firm about Investigation into Allegations of Corporate Wrongdoing
NEW YORK, March 4, 2015 /PRNewswire/ -- Securities lawyers at Dunnam & Dunnam are investigating allegations for CTPartners Executive Search Inc. shareholders (NYSE: CTP). Concerned CTP investors who purchased between February 26, 2014 and January 28, 2015 are encouraged to contact securities attorney Hamilton Lindley by clicking here.
The law firm's investigation will focus on potential violations of the federal securities laws. CTPartners announced on January 21, 2015, disappointing preliminary fourth quarter and full fiscal year 2014 financial results. The company stated that the miss was due to over $1.3 million in purportedly unanticipated expenses related to increased management, administrative and business development costs. CTPartners stock price dropped $3.63 per share on this news, a one-day decline of more than 29%. On January 28, 2015, CTPartners withdrew its preliminary fourth quarter and year-end guidance provided only one week earlier and revised downward its earnings guidance for the first quarter and full fiscal year 2015. The company stated that the downward revision was due to a $1.7 million increase in "compensation expense" for employee bonuses. The price of CTPartners stock dropped $2.17 per share on this news, to close at $4.35 per share on January 29, 2015, a one-day decline of more than 33%. If you suffered a loss in CTPartners you have until April 28, 2015 to request that the Court appoint you as lead plaintiff. You are not required to be lead plaintiff to share in any recovery.
Dunnam & Dunnam has significant experience representing shareholders in securities lawsuits nationwide. CTP stockholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at [email protected] with questions, toll free at (844) 702-2990 or visit http://www.dunnamlaw.com/CTP.
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SOURCE Dunnam & Dunnam
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