WAYNE, Pa., May 18, 2016 /PRNewswire/ -- Ryan & Maniskas, LLP has commenced an investigation into potential securities law violations by certain officers of Liquidity Services, Inc. ("Liquidity Services" or the "Company") (NASDAQ: LQDT) on behalf of shareholders who purchased Liquidity Services between February 1, 2012 and May 7, 2014 (the "Class Period").
Liquidity Services shareholders who purchased shares should contact Richard A. Maniskas, Esquire at 877-316-3218 or at firstname.lastname@example.org to learn more about this investigation or visit: www.rmclasslaw.com/cases/lqdt.
Liquidity Services operates online marketplaces for salvage and scrap assets in the United States.
On March 31, 2016, the U.S. District Court for the District of Columbia sustained a securities fraud class action against Liquidity Services and certain of its officers and directors. The lawsuit alleges that from February 1, 2012 through May 7, 2014, Defendants made false statements regarding Liquidity Services' retail and commercial capital, causing the stock price to be artificially inflated. The lawsuit also alleges that Liquidity Services' Chief Executive Officer sold $68.2 million of company stock at artificially manipulated prices. The Court found there was a "strong and cogent inference of scienter" of an intent to defraud.
If you own Liquidity Services shares and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free: (877) 316-3218 or visit: www.rmclasslaw.com/cases/lqdt. You may also email Mr. Maniskas at email@example.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. To learn more about the class action process, please visit: www.rmclasslaw.com.
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SOURCE Ryan & Maniskas, LLP