SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Citizens, Inc. (CIA)
NEW YORK, March 8, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Citizens, Inc. ("Citizens" or the "Company") (NYSE: CIA). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/cia.
The investigation concerns whether Citizens and certain of its officers and/or directors have complied with federal securities laws.
On March 8, 2017, Seeking Alpha published a report alleging that although Citizen's promises of "outsized 'guaranteed' returns backed by U.S. Treasury bonds," the company's funds are "not invested in U.S. Treasuries and [Citizen's] policies appear designed to prop up Citizen's stock price." The article continued "[b]ecause most of the [Company's] returns to existing policyholders are driven by funds contributed by new policyholders, Citizens displays some characteristics that appear analogous to a Ponzi scheme." Following this news, Citizens stock has as much as $1.33, or 15.74%, during intraday trading on March 8, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Citizens, you can assist this investigation by visiting the firm's site: www.bgandg.com/cia. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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