BOSTON, May 2, 2017 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, reminds investors of the June 19, 2017 lead plaintiff deadline and encourages shareholders of Celadon Group Inc. ("CGI" or the "Company") (NYSE: CGI) to contact the firm.
On April 19, 2017, Block & Leviton filed a securities fraud lawsuit against CGI after recent reports issued by Prescience Point Research Group charged that the Company had engaged in "manipulative accounting practices" and was under investigation by the SEC. The revelation of this news and the resultant stock drops caused significant losses to investors.
On May 1, 2017, after trading had closed, CGI disclosed that "the Company's financial statements for the fiscal year ended June 30, 2016 and quarters ended September 30 and December 31, 2016, and related reports of [CGI's auditor], should not be relied upon."
On this news, shares have fallen more than 30% post-market, causing tens of millions in losses to investors.
If you wish to become involved in the litigation or have questions about your legal rights, please contact attorney Bradley Vettraino at (617) 398-5600, by email at Bradley@blockesq.com or by visiting www.blockesq.com/cgi.
As a member of the class, you may seek to file a motion to serve as a lead plaintiff by June 19, 2017, or take no action and remain an absent class member. Confidentiality assured to whistleblowers or others with information relevant to this investigation is assured.
Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.
This notice may constitute attorney advertising.
Block & Leviton LLP
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/celadon-group-inc-cgi-shareholders-suffering-significant-losses-are-encouraged-to-contact-block--leviton-llp-following-cgis-announcement-that-its-recent-financial-statements-are-no-longer-reliable-300449487.html
SOURCE Block & Leviton LLP