Higher One Shareholder Alert: National Securities Law Firm Announces Investigation of Higher One Holdings, Inc.
NEW YORK, May 16, 2014 /PRNewswire/ -- Attorney Advertising – Tripp Levy PLLC a leading national securities law firm is investigating potential claims on behalf of purchasers of the securities of Higher One Holdings, Inc. ("Higher One" or the "Company") (NYSE: ONE -News). The investigation focuses on whether the Company and its executives violated federal securities laws.
On May 13, 2014, shares of the company fell 14% during intraday trading after the Company disclosed in regulatory filing that it is facing penalties from the Federal Reserve over asserted violations of the Federal Trade Commission Act relating to marketing and disclosure practices related to the OneAccount option for financial aid refund. The Company noted in the filing that the penalties it faces have the potential to trigger a default on its credit facility.
On May 15, 2014, shares of Higher One fell $1.26 or 24.85% to close at $3.81.
If you are a shareholder of Higher One and would like additional information as to this matter, please contact us at :
Tripp Levy PLLC
New York, New York
Email: [email protected]
Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC
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