SECURITIES ALERT: The Rosen Law Firm Continues Investigation of Securities Claims Against MDC Partners Inc.
May 21 2015 - 04:42PM
Business Wire
The Rosen Law Firm, a global investor rights law firm, announces
it is continuing to investigate potential securities claims on
behalf of investors of MDC Partners Inc. (NASDAQ:MDCA) resulting
from allegations that MDC Partners may have issued materially
misleading business information to the investing public.
On April 27, 2015, the Company announced in a press release its
financial results for the first quarter ended March 31, 2105. The
Company also announced that: (1) since October 5, 2014, the Company
has been actively cooperating with an SEC investigation relating to
the reimbursement of expenses incurred by the CEO, Miles Nadal; (2)
Mr. Nadal agreed to reimburse the Company $8.6 million which the
Company had sought for reimbursement; (3) during the quarter ended
March 31, 2015, the Company incurred approximately $5.8 million in
legal fees and other related expenses relating to the SEC inquiry;
and (4) the Company reassigned its CFO, Michael Sabatino, to a new
role in the Company. On this news, shares of MDC Partners fell
$9.09 per share to close at $18.89 on April 28, 2015.
The Rosen Law Firm is preparing a class action lawsuit to
recover losses suffered by MDC Partners investors. If you purchased
shares of MDC Partners on or before April 27, 2015, please visit
the firm’s website at http://rosenlegal.com/cases-595.html for more
information. You may also contact Phillip Kim, Esq. or Jonathan
Horne, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via
email at pkim@rosenlegal.com or jhorne@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20150521006487/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Jonathan Horne, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comjhorne@rosenlegal.comwww.rosenlegal.com
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