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Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Amaya, Inc. Investors and Encourages Investors to Contact the FirmGlancy Prongay & Murray LLP ("GPM") announces that a class action lawsuit has been filed on behalf of investors who purchased Amaya, Inc. ("Amaya" or the "Company") (NASDAQ: AYA) securities between June 8, 2015, and March 22, 2016, inclusive (the "Class Period"). Amaya investors have until May 24, 2016 to file a lead plaintiff motion. Investors who have suffered losses on their Amaya investments are encouraged to contact Casey Sadler of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to [email protected]. On March 23, 2016, news outlets reported that Amaya's Chief Executive Officer ("CEO"), David Baazov, was charged with insider trading by Quebec securities regulators. Bloomberg (News - Alert) Business reported that the charges included "allegations of 'aiding with trades while in possession of privileged information,' influencing or attempting to influence the market price of securities of Amaya, and communicating privileged information." On this news, Amaya's stock fell $3.07 per share, or more than 21%, to close at $11.18 per share on March 23, 2016, on unusually heavy trading volume, thereby injuring investors. 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. GPM represents institutional and retail investors in securities class actions throughout the country, and has recovered millions of dollars on behalf of investors. If you purchased shares of Amaya during the Class Period you may move the Court no later than May 24, 2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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