SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Essex Rental Corp. - ESSX
NEW YORK, Feb. 27, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Essex Rental Corp. ("Essex" or the "Company") (NASDAQ: ESSX). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 237.
The investigation concerns whether Essex and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On February 26, 2015, the Company announced that its fourth quarter and year-end 2014 operating results and related management conference call and webcast are being rescheduled in order to allow Essex time to evaluate the classification of its revolving credit facilities as current liabilities or long-term obligations. Essex stated that any change in classification of the revolving credit facilities would likely result in a restatement of prior period balance sheets.
On this news, shares of ESSX fell $0.60 per share to $0.75, or more than 44%, on February 26, 2015.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
SOURCE Pomerantz LLP
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