NEW YORK, Nov. 11, 2015 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights firm, reminds purchasers Liquid Holdings Group, Inc. (NASDAQ:LIQD) securities pursuant and/or traceable to Liquid Holdings’ Initial Public Offering on or about July 25, 2013 and/or during the period from July 26, 2013 through December 23, 2014, inclusive (the “Class Period”) of the important November 20, 2015 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for Liquid Holdings investors under the federal securities laws.
To join the Liquid Holdings class action, go to the firm’s website at http://www.rosenlegal.com/cases-723.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Liquid Holdings was overstating its ability to generate customers; (2) Liquid Holdings’ business model was unsustainable; (3) the financial condition of Liquid Holdings’ main and largest customer—an investment entity known as QuantX Management, LLP—was deteriorating; (4) as a result, Liquid Holdings’ financial results and operating metrics were overstated; (5) as such, Liquid Holdings’ financial statements were not prepared in accordance with Generally Accepted Accounting Principles; (6) Liquid Holdings lacked adequate internal controls; and (7) as a result, Liquid Holdings’ financial statements and defendants’ statements about Liquid Holding’s business, operations, and prospects, were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 20, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm’s website http://www.rosenlegal.com/cases-723.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.