EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Noble Group Ltd.
27 Februar 2015 - 5:42PM
Business Wire
The Rosen Law Firm, P.A., a global investor rights firm,
announces it is investigating potential securities claims on behalf
of shareholders of Noble Group Ltd (OTC: NOBGF, NOBGY) resulting
from allegations that Noble Group may have issued materially
misleading business information to the investing public.
On February 15, 2015, Iceberg Research issued a report alleging,
among other things, that: (i) Noble Group exploits the accounting
treatment of its associates to avoid large impairments and
fabricate profit; and (ii) contrary to what Noble Group’s
management claims, the misfortunes of these associates have a
substantial cash impact on Noble. On this news, shares of NOBGF
fell $0.10 per share or over 11% to close at $0.78 per share on
February 17, 2015 and shares of NOBGY fell $2.33 per share or over
13% to close at $15.49 per share on February 17, 2015, damaging
investors.
The Rosen Law Firm is preparing a class action lawsuit to
recover losses suffered by Noble Group investors. If you purchased
shares of Noble Group before February 16, 2015, please visit the
website at http://rosenlegal.com/cases-512.html for more
information. You may also contact Phillip Kim, Esq. or Kevin Chan,
Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email
at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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