SHAREHOLDER NOTICE: Rosen Law Firm Reminds IRSA Inversiones y Representaciones S.A. Investors of Important April 25, 2016 Dea...
April 12 2016 - 1:49PM
Rosen Law Firm, a global investor rights law firm, reminds
purchasers of IRSA Inversiones y Representaciones S.A. American
Depositary Receipts (NYSE:IRS) from November 3, 2014 through
December 30, 2015, both dates inclusive (the “Class Period”) of the
important April 25, 2016 lead plaintiff deadline in the class
action filed by the firm. The lawsuit seeks to recover damages for
IRSA investors under the federal securities laws.
To join the IRSA class action, go to the firm’s
website at http://rosenlegal.com/cases-796.html or call Phillip
Kim, Esq. or Kevin Chan, Esq. toll free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for more information on
the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE
ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY
COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS
MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR
CHOICE
According to the lawsuit, throughout the Class
Period Defendants issued false and misleading statements to
investors and/or failed to disclose that: (1) IRSA’s subsidiary,
Netherlands B.V. (“Dolphin”), does not adequately qualify as a
Venture Capital Organization, and therefore, IDB Development
Corporation Limited’s (“IDBD”) $6.7 billion net debt should be
consolidated with IRSA’s financial statements; (2) the impending
consolidation of IDBD’s debt would violate IRSA’s Global Notes
Indenture; (3) the terms of the February 10, 2015 related party
transaction between Dolphin and Inversiones Financieras Del Sur
S.A.; and (4) as a result, IRSA’s public statements were materially
false and misleading at all relevant times. When the true details
entered the market, the lawsuit claims that investors suffered
damages.
A class action lawsuit has already been filed. If
you wish to serve as lead plaintiff, you must move the Court no
later than April 25, 2016. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to the firm’s
website at http://rosenlegal.com/cases-796.html for more
information. You may also contact Phillip Kim, Esq. or Kevin Chan,
Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at
pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the
globe, concentrating its practice in securities class actions and
shareholder derivative litigation. Attorney Advertising.
Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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