NEW YORK, May 20, 2016 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of LPL Financial Holdings Inc. ("LPL" or the "Company") (NASDAQ: LPLA) between December 8, 2015 and February 11, 2016.
You are hereby notified that a securities class action has been commenced in the USDC for the Southern District of California. If you purchased or otherwise acquired LPL Financial securities between December 8, 2015 and February 11, 2016, your rights may be affected by this action. To get more information go to: http://www.zlk.com/pslra/lpl-financial.
The complaint alleges that during the Class Period, defendants issued false and misleading statements and/or failed to disclose adverse information regarding LPL's business and prospects, including that: (a) LPL's earnings and revenue were not steady, but were substantially declining; (b) LPL's client assets were not in the midst of a recovery, but were actually deteriorating and would decline by billions of dollars; (c) LPL's gross profits would not decline "slightly", as indicated, but significantly, (d) LPL would in fact experience its worst sequential gross profit decline in four years; and (e) as a result of the aforementioned, LPL common stock would trade at artificially inflated prices during the Class Period.
If you suffered a loss in LPL you have until May 23, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/pslra/lpl-financial.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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