SAN DIEGO, Sept. 23, 2017 /PRNewswire/ -- Shareholder
Rights Law Firm Johnson Fistel, LLP is investigating potential
claims against CenturyLink, Inc., AmTrust Financial Services Inc.,
and Ellie Mae Inc. as detailed below:
CenturyLink, Inc.
Shareholder Rights Law Firm Johnson Fistel, LLP today announced
that it is investigating whether certain officers or directors of
CenturyLink, Inc. (NYSE: CTL) ("CenturyLink ") violated federal or
state laws.
A Securities Class Action Complaint was filed on behalf of those
who purchased securities of CenturyLink between March 1, 2013 through June
15, 2017. The complaint alleges that defendants
during the Class Period made false and misleading statements and
failed to disclose that: (1) CenturyLink's policies allowed its
employees to add services or lines to accounts without customer
permission, resulting in millions of dollars in unauthorized
charges to CenturyLink customers; (2) accordingly, CenturyLink's
revenues were the product of illicit conduct and unsustainable; (3)
the foregoing illicit conduct was likely to subject CenturyLink to
heightened regulatory scrutiny; and (4) as a result, CenturyLink's
public statements were materially false and misleading at all
relevant times.
On June 16, 2017, Bloomberg
reported that a lawsuit had been filed by former CenturyLink
employee Heidi Heiser alleging that
Heiser was fired days after notifying Chief Executive Officer
Glen Post of CenturyLink's
high-pressure sales culture that left customers paying millions of
dollars for accounts they didn't request. Following this news,
shares of CenturyLink fell over 4%.
If you are a long-term shareholder of CenturyLink shares and
continuously held shares before March 1,
2013, you may have standing to hold CenturyLink harmless
from the damage the officers and directors may have caused by
making them personally responsible. You may also be able to
assist in reforming the Company's corporate governance to prevent
future wrongdoing.
If you are a long-term CenturyLink shareholder continuously
holding shares before March 1,
2013, and are interested in learning more about your
legal rights and remedies, please contact Jim Baker (jimb@johnsonfistel.com) at
619-814-4471. If you email, please include your phone number.
AmTrust Financial Services Inc.
Shareholder Rights
Law Firm Johnson Fistel, LLP today announced that it is
investigating whether certain officers or directors of AmTrust
Financial Services Inc. (NASDAQ: AFSI) ("AmTrust ") violated
federal or state laws.
A Securities Class Action Complaint was filed on behalf of those
who purchased securities of AmTrust between February 14, 2013 through April 10, 2017.
According to the lawsuit, throughout the Class Period defendants
made false and/or misleading statements and/or failed to disclose
that: (1) AmTrust had ineffective assessment of the risks
associated with the financial reporting; (2) AmTrust had an
insufficient complement of corporate accounting and corporate
financial reporting resources within the organization; (3) in turn,
AmTrust lacked effective controls over financial reporting; and (4)
as a result, defendants' statements about AmTrust's business,
operations, and prospects, were materially false and misleading
and/or lacked a reasonable basis at all relevant times. On
February 27, 2017, AmTrust issued a
press release revealing that it had identified material weaknesses
in its internal control over financial reporting that existed as of
December 31, 2016.
If you are a long-term shareholder of AmTrust shares and
continuously held shares before February 14,
2013, you may have standing to hold AmTrust harmless from
the damage the officers and directors may have caused by making
them personally responsible. You may also be able to assist in
reforming the Company's corporate governance to prevent future
wrongdoing.
If you are a long-term AmTrust shareholder continuously holding
shares before February 14,
2013, and are interested in learning more about
your legal rights and remedies, please contact Jim Baker (jimb@johnsonfistel.com) at
619-814-4471. If you email, please include your phone number.
Ellie Mae Inc.
Johnson Fistel, LLP is investigating
potential violations of the federal securities laws by Ellie Mae
Inc. (NYSE: ELLI) ("Ellie Mae" or
the "Company") and certain of its officers.
On July 27, 2017, Ellie Mae reported its second quarter 2017
financial results for the period ended June
30, 2017. Revenue came in at $104.1
million, well below guidance. Additionally, Ellie Mae slashed its FY17 sales forecast and
disclosed that FY17 adjusted income would come in almost 40% lower
than the range that Ellie Mae had
previously provided. Following the news, Ellie Mae common stock plummeted. In the months
preceding the July 27, 2017,
announcement many of the Company's senior executives and directors
sold stock.
Specifically, Johnson Fistel's
investigation seeks to determine if a securities violation was
committed by the Company when it made specific
representations about the company's business, operations,
and financial prospects.
If you have information that could assist in this investigation,
including former employees and others, or if you are an
Ellie Mae shareholder and are
interested in learning more about the investigation or your legal
rights and remedies, please contact Jim
Baker (jimb@johnsonfistel.com) by email or by phone at
619-814-4471. If you email, please include your phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP