NEW YORK, NY / ACCESSWIRE / March 28, 2016 / Pomerantz LLP is investigating claims on behalf of investors of Amaya, Inc. ("Amaya" or the "Company") (NASDAQ: AYA). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether Amaya and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On March 23, 2016, Quebec's securities regulator the Autorité des marches financiers ("AMF") announced insider trading charges against Amaya's Chief Executive Officer and founder David Baazov, along with other company insiders. The AMF's charges come two months after Amaya announced a non-binding proposal from Baazov to take the company private.
On this news, Amaya stock has fallen as much as $3.95 per share, or 17.72%, to $10.30 during intraday trading on March 23, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP