INVESTOR ALERT: The Law Offices of Vincent Wong Notify Investors of Class Action Involving IRSA Inversiones y Representacione...
March 31 2016 - 3:09PM
Business Wire
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160331006344/en/
The Law Offices of Vincent Wong.Vincent Wong, Esq.,
212-425-1140Fax: 866-699-3880vw@wongesq.com
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