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Share Name | Share Symbol | Market | Type |
---|---|---|---|
MDC Partners Inc | NASDAQ:MDCA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.42 | 5.36 | 5.45 | 0 | 01:00:00 |
Khang & Khang LLP (the “Firm”) announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York against MDC Partners, Inc. (“MDC” or the “Company”) (NASDAQ: MDCA). Investors who purchased or otherwise acquired shares between September 24, 2013 and April 27, 2015, inclusive (the “Class Period”) are encouraged to contact the Firm immediately to discuss their legal options.
If you purchased shares of MDC 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.
According to the complaint, on April 27, 2015, MDC issued its financial results for the period ended March 31, 2015. MDC announced that: (1) it had been actively cooperating with an SEC investigation relating to the reimbursement of expenses incurred by CEO Miles Nadal; (2) that Mr. Nadal had agreed to reimburse the Company $8.6 million; (3) that during the quarter ended March 31, 2015, the Company incurred approximately $5.8 million in legal fees and other related expenses relating to the inquiry; and (4) the Company reassigned its CFO, Michael Sabatino, to a new role in the Company.
If you purchased shares of MDC during the Class Period you have until September 29, 2015 to ask the Court to appoint you as lead plaintiff. 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150828005757/en/
KHANG & KHANG LLPJoon M. Khang, Esq., 949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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