NEW YORK, June 24, 2016 /PRNewswire/ -- Attorney
Advertising -- Bronstein, Gewirtz & Grossman, LLC is
investigating potential claims on behalf of purchasers of the
securities of BlackRock, Inc. and certain affiliated entities
(collectively, "BlackRock" or the "Company") (NYSE: BLK). Such
investors are advised to contact Peretz
Bronstein or his investor relations analyst Yael Hurwitz at info@bgandg.com or
212-697-6484.
The investigation concerns whether BlackRock and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
On August 24, 2015 the U.S.
financial markets became unstable on when the S&P 500 index
dropped to 5.3% in the opening minutes of trading, and then closed
for the day at 3.9%. At this time, hundreds of Exchange Traded
Funds ("ETFs") traded at heavily discounted prices of their
holdings and tracking index. One example: At on August 24, 2015 at 9:42am, Black Rock's iShares Select Dividend ETF
dropped 35% to $48, its lowest price
of the day. By contrast, the collective weighted values of the
stocks held by the ETF at that time was $72.42, only a 2.7% decline.
This investigation concerns whether BlackRock failed to warn
investors in the Company's BlackRock iShares ETFs that during this
market instability, ETFs are not as liquid as advertised. BlackRock
should have also notified its investors that the use of open market
orders and stop loss orders could damage investors.
If you are aware of any facts relating to this investigation, or
purchased BlackRock securities between June
16, 2013 and August 24, 2015,
you can assist this investigation by visiting the firm's site:
http://www.bgandg.com/#!blk/od22u. You can also contact
Peretz Bronstein or his Investor
Relations Analyst, Yael Hurwitz of
Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email
info@bgandg.com. Those who inquire by e-mail are encouraged to
include their mailing address, email and telephone number.
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 | info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC