QUADRANT INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Quadrant 4 Systems Corp. To Contact The Firm
NEW YORK, July 5, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Quadrant 4 Systems Corp. ("Quadrant" or the "Company") (OTC: QFOR).
The investigation focuses on whether the Company and its executives violated federal securities laws. On November 30, 2016, the U.S. Department of Justice ("DOJ") announced that it had charged then current Quadrant Chief Executive Officer Nandu Thondavadi (the former "CEO") with misrepresenting Quadrant's cash flows and concealing its liabilities in Securities and Exchange Commission ("SEC") filings. On this news, shares of Quadrant fell $0.16 per share or over 80%'s to close at $0.03 per share on December 1, 2016, damaging investors. On June 30, 2017, the SEC announced that it had charged Quadrant's former CEO, and former Chief Financial Officer Dhru Desai in an accounting fraud scheme that misled investors and allowed the former executives to siphon millions from the firm for their personal benefit.
If you invested in Quadrant stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/QFOR. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected].
CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
SOURCE Faruqi & Faruqi, LLP
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article