SAN FRANCISCO, April 11, 2017 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP alerts investors in Celadon Group, Inc. (NYSE: CGI) to the firm's investigation into possible accounting irregularities and securities law violations.
If you purchased or otherwise acquired securities of CGI before April 5, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing CGI@hbsslaw.com.
On April 5, 2017, SeekingAlpha published a report by Prescience Point Research Group entitled, "Celadon Group: A Story That Ends At Chapter 11." The report highlighted several aspects of CGI's financial reporting that Prescience Point believed constituted improper accounting. In response to this publication, the price of CGI's shares fell approximately 13.6% to close at $5.40 on April 5, 2017.
"We're focused on the accounting-related matters highlighted within the Prescience Point report, those highlighted in previous adverse research reports, and whether there will be a restatement of historical financial reports," said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding CGI should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email CGI@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the Firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Reed Kathrein, 510-725-3000
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SOURCE Hagens Berman Sobol Shapiro LLP