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MDCA MDC Partners Inc

5.42
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
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

SECURITIES ALERT: The Rosen Law Firm Continues Investigation of Securities Claims Against MDC Partners Inc.

21/05/2015 9:42pm

Business Wire


MDC Partners (NASDAQ:MDCA)
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The Rosen Law Firm, a global investor rights law firm, announces it is continuing to investigate potential securities claims on behalf of investors of MDC Partners Inc. (NASDAQ:MDCA) resulting from allegations that MDC Partners may have issued materially misleading business information to the investing public.

On April 27, 2015, the Company announced in a press release its financial results for the first quarter ended March 31, 2105. The Company also announced that: (1) since October 5, 2014, the Company has been actively cooperating with an SEC investigation relating to the reimbursement of expenses incurred by the CEO, Miles Nadal; (2) Mr. Nadal agreed to reimburse the Company $8.6 million which the Company had sought for reimbursement; (3) during the quarter ended March 31, 2015, the Company incurred approximately $5.8 million in legal fees and other related expenses relating to the SEC inquiry; and (4) the Company reassigned its CFO, Michael Sabatino, to a new role in the Company. On this news, shares of MDC Partners fell $9.09 per share to close at $18.89 on April 28, 2015.

The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by MDC Partners investors. If you purchased shares of MDC Partners on or before April 27, 2015, please visit the firm’s website at http://rosenlegal.com/cases-595.html for more information. You may also contact Phillip Kim, Esq. or Jonathan Horne, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or jhorne@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.Jonathan Horne, Esq.275 Madison Avenue, 34th FloorNew York, NY 10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212) 202-3827lrosen@rosenlegal.compkim@rosenlegal.comjhorne@rosenlegal.comwww.rosenlegal.com

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