Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action against CTPartners Executive Search Inc. and Lead Plaintiff Deadline
NEW YORK, March 2, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a securities class action has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased shares of CTPartners Executive Search, Inc. ("CTPartners" or the "Company") (NYSE:CTP), during the period between February 26, 2014 and January 28, 2015 inclusive. (the "Class Period").
The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose material information regarding the Company's business, operations, and prospects. Specifically the Complaint alleges that CTPartners (a) deceived the investing public regarding the Company's business and operations (b) artificially inflated the price of the Company's stock and (c) caused plaintiff and other members of the Class to purchase the Company's common stock at artificially inflated prices.
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. In addition, CTPartners again withdrew a proposed stock offering, this one announced only two days prior.
On this news, shares of CTPartners fell $2.17 per share, more than 33%, to close at $4.35 per share on January 29, 2015.
Plaintiff seeks to recover damages on behalf of all shareholders who purchased shares of CTPartners during the Class Period described above.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in CTPartners you have until April 28, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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 Eitan Kimelman 212-697-6484
[email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article