SHAREHOLDER ALERT: The Law Offices of Vincent Wong Remind Investors of Class Action Involving IRSA Inversiones y Representaci...
March 28 2016 - 12:45PM
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the Central District of
California on behalf of investors who purchased IRSA Inversiones y
Representaciones S.A. (NYSE:IRS) American Depositary Receipts
between November 3, 2014 and December 30, 2015.
Click here to learn about the case:
http://docs.wongesq.com/IRS-Info-Request-Form-1123. There is no
cost or obligation to you.
The complaint alleges that throughout the Class
Period Defendants issued false and misleading statements to
investors and/or failed to disclose that: (1) IRSA’s subsidiary,
Dolphin Netherlands B.V. (“Dolphin”), does not adequately qualify
as a Venture Capital Organization, and therefore, IDB Development
Corporation Limited’s (“IDBD”) $6.7 billion net debt should be
consolidated with IRSA’s financial statements; (2) the impending
consolidation of IDBD’s debt would violate IRSA’s Global Notes
Indenture; (3) the terms of the February 10, 2015 related party
transaction between Dolphin and Inversiones Financieras Del Sur
S.A.; and (4) as a result, IRSA’s public statements were materially
false and misleading at all relevant times.
If you suffered a loss in IRSA you have
until April 25, 2016 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. To obtain additional
information, contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.425.1140, or visit
http://docs.wongesq.com/IRS-Info-Request-Form-1123.
Vincent Wong, Esq. is an experienced attorney
that has represented investors in securities litigations involving
financial fraud and violations of shareholder rights.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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