Case Page

 

Case Status:    ONGOING    
On or around 10/11/2017 (Ongoing date of last review)

Filing Date: March 25, 2016

According to the law firm press release, the complaint charges Amaya and certain of its officers with violations of the federal securities laws. Specifically, the complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company’s CEO was engaged in an insider trading scheme that involved influencing the market price of the Company’s securities and communicating privileged information to third parties; (2) the Company lacked adequate internal controls; and, (3) that, as a result of the foregoing, Defendants’ statements about Amaya’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On April 26, 2016, the first identified case was voluntarily dismissed by Plaintiff. A related action continues in the District of New Jersey under 16-CV-01884.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: Canada

SECURITIES INFORMATION:

Ticker Symbol: AYA
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. New Jersey
DOCKET #: 16-CV-02237
JUDGE: Hon. P. Kevin Castel
DATE FILED: 03/25/2016
CLASS PERIOD START: 06/08/2015
CLASS PERIOD END: 03/22/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
No Document Title Filing Date
COURT: D. New Jersey
DOCKET #: 16-CV-01884
JUDGE: Hon. P. Kevin Castel
DATE FILED: 08/31/2016
CLASS PERIOD START: 05/26/2015
CLASS PERIOD END: 03/22/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
  2. The Rosen Law Firm (New Jersey)
    236 Tillou Road, The Rosen Law Firm (New Jersey), NJ 07079
    (973) 313-1887 (973) 833-0399 · lrosen@rosenlegal.com
No Document Title Filing Date