SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Securities Fraud V...
July 14 2015 - 3:46PM
Business Wire
Levi & Korsinsky announces it has commenced an investigation
of Ambassadors Group Inc. (NASDAQGS:EPAX) concerning possible
violations of federal securities laws by certain officers and
directors of Ambassadors Group. The investigation concerns whether
certain statements made by Ambassadors Group regarding its business
and prospects were false and misleading, resulting in significant
investment losses to shareholders. On July 13, 2015, after the
market close, Ambassadors Group surprised investors by announcing
the cessation of operations by 2015 year-end, citing declining
revenues and declining travelers for several years. This news
shocked the market and sent the company’s shares into a
free-fall—losing approximately 31% in pre-market trading on July
14, 2015, from $2.40 to approximately $1.75 per share on intraday
trading July 14, 2015. To obtain additional information, go
to:
http://zlk.9nl.com/ambassadors-group-epax
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar
outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20150714006612/en/
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
212-363-7171www.zlk.com
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