WAYNE, Pa., May 19, 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 denied in part a motion to dismiss a securities fraud class action pending against the Company, Case No. 1:14-cv-01183-BAH.
According to the class action complaint, between February 2012 and May 2014, Liquidity representatives falsely depicted the state of the company's retail and commercial capital assets businesses in public statements. As a result, the price of the Company's stock was inflated. Simultaneously, the Company's CEO sold over $65 million in Liquidity stock.
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