SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of MDC Partners Inc. – MDCA

NEW YORK, NY / ACCESSWIRE / April 28, 2015 / Pomerantz LLP is investigating claims on behalf of investors of MDC Partners Inc. (“MDC Partners” or the “Company”) (NASDAQ: MDCA). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.

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

On April 27, 2015, the Company announced in press release its financial results for the first quarter ended March 31, 2015. Additionally, the Company disclosed that: (i) since October 5, 2014, the Company has been actively cooperating with an SEC investigation relating to the reimbursement of expenses incurred by the CEO, Miles Nadal; (ii) Mr. Nadal agreed to reimburse the Company $8.6 million which the Company had sought for reimbursement; (iii) During the quarter ended March 31, 2015, the Company incurred approximately $5.8 million in legal fees and other related expenses relating to the SEC inquiry; and (iv) the Company reassigned its Chief Accounting Officer, Michael Sabatino to a new role in the Company.

On this news, shares of MDC Partners fell $9.09 per share, to $18.89, or more than 32.48%, in intraday trading on April 28, 2015.

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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