Scott + Scott, LLP Notifies Investors that a Securities Lawsuit Has Been Filed Against Amaya, Inc. (AYA)

Scott + Scott, Attorneys at Law, LLP, a global investor rights law firm, notifies investors that a securities lawsuit has been filed on behalf of investors in Amaya, Inc. (Nasdaq:AYA). Amaya investors are encouraged to contact Scott + Scott at 

[phone]

or email [e-mail] or [e-mail] to discuss their legal rights. 

About the Lawsuit

The action alleges that defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company’s Chief Executive Officer (“CEO”) during the Class Period, David Baazov, was engaged in an insider trading scheme that involved influencing the market price of the Company’s securities and communicating privileged information to third parties; (2) the Company lacked adequate internal controls; and, (3) that, as a result of the foregoing, defendants’ statements about Amaya’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On March 23, 2016, news outlets reported that Baazov was charged with insider trading by Quebec securities regulators. Bloomberg reported that the charges included allegations of aiding with trades while in possession of privileged information, influencing or attempting to influence the market price of securities of Amaya, and communicating privileged information. On this news, Amaya’s stock fell $3.07 per share, or 21.54% from a closing price of $14.25 on March 22, 2016, to close at $11.18 per share on March 23, 2016, on extraordinarily heavy trading volume.

What you can do

If you purchased shares of Amaya stock, you may have legal claims against the Company.  If you want to discuss the case, or have questions about your legal rights, please contact Michael Burnett, Esq. or Joseph Halloran, Esq. by telephone at [phone] or by email at [e-mail] or [e-mail].   

About Scott + Scott, Attorneys at Law, LLP

Scott + Scott has significant experience prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States.  The firm has offices in New York, London, Connecticut, California and Ohio. Please visit www.scott-scott.com for more information about the firm.

CONTACT:
Scott + Scott, Attorneys at Law, LLP
Michael Burnett, Esq.
Joseph Halloran, Esq.
[phone]
[e-mail]
[e-mail]