IMPORTANT INVESTOR NOTICE: Khang & Khang LLP Announces an Ongoing Investigation of Claims against IRSA Inversiones y Represen...
April 18 2016 - 05:23PM
Business Wire
Khang & Khang LLP announces that it is investigating claims
of potential misrepresentations by IRSA Inversiones y
Representaciones S.A. (“IRSA” or the “Company”) (NYSE: IRS). The
investigation focuses on whether the Company and its officers
violated securities laws by issuing misleading information to
investors.
If you purchased shares of IRSA during the Class Period, please
contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von
Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949)
419-3834, or by email at joon@khanglaw.com.
There has been no class certification in this case. Until
certification occurs, you are not represented by an attorney. You
may choose to take no action and remain a passive class member.
The investigation will focus on whether the company failed to
disclose that IRSA’s subsidiary, 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.
If you wish to learn more about this lawsuit, or if
you have any questions concerning this notice or your rights,
please contact Joon M. Khang, a prominent litigator for almost two
decades, by telephone: (949) 419-3834, or by email at
joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20160418006708/en/
KHANG & KHANG LLPJoon M. Khang, Esq.Telephone:
949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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