NEW YORK, March 24, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, notifies investors of class action against LPL Financial Holdings, Inc. ("LPL Financial" or the "Company") (NASDAQ: LPLA). The class action has been filed on behalf of a class consisting of all persons or entities who purchased LPL Financials securities during the period between December 8, 2015 and February 11, 2016 inclusive (the "Class Period").
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").
LPL Financial is the largest organization of independent financial advisors in the United States. LPL Financial advisors help clients with a number of financial services, including equities, bonds, mutual funds, annuities, insurance, and fee-based programs. LPL Financial does not develop its own investment products, enabling the firm's investment professionals to offer financial advice free from broker/dealer-inspired conflicts of interest.
The Complaint alleges that throughout the Class Period, Defendants issued materially false and misleading statements to investors and/or failed to disclose that: (1) LPL Financial's earnings and revenue were significantly decreasing; (2) LPL Financial's client assets were deteriorating and would decline by billions of dollars; (3) LPL Financial's gross profits would decline drastically; (4) LPL Financial would experience its poorest sequential gross profit drop in four years; and (5) as a result, LPL Financial's public statements were materially false and misleading at all relevant times. Following this news and true details entering the market, investors suffered damages.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint and join the action, visit the firm's website: http://www.bgandg.com/#!lpla/a849a. To discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in LPL Financial 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.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | email@example.com
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