SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Liquid Holdings Group, Inc. – LIQD

NEW YORK, NY / ACCESSWIRE / September 24, 2015 / Pomerantz LLP is investigating claims on behalf of investors of Liquid Holdings Group, Inc. (“Liquid Holdings” or the “Company”) (NASDAQ: LIQD). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Liquid Holdings and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On July 26, 2013, Liquid Holdings priced its IPO of 3,175,000 shares of common stock at $9.00 per share. In its IPO prospectus and in subsequent filings with the SEC, the company failed to disclose that (1) the company had overstated its ability to generate customers; (2) that the company’s business model was unsustainable; and (3) that the financial condition of the company’s largest customer, QuantX, was deteriorating. On December 23, 2014, post-market, the company announced that QuantX owed Liquid Holdings more than $1.4 million in delinquent payments and was in the process of winding down.

On this news, the company’s stock fell $0.34, or nearly 46%, to close at $0.40 on December 24, 2014.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP 

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