SAN DIEGO, March 30, 2015 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of shares of CTPartners Executive Search Inc (NYSE MKT:CTP) over alleged Federal Securities Laws Violations in connection with certain allegedly false and misleading statements.
Investors who purchased a significant amount of shares of CTPartners Executive Search Inc (NYSE MKT:CTP) between February 26, 2014 and January 28, 2015, and / or investors who purchased any (NYSE MKT:CTP) shares prior to 2013 and continue to hold any of those shares, have certain options and for certain investors are short and strict deadlines running. Deadline: April 28, 2015. (NYSE MKT:CTP) investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims that between February 26, 2014 and January 28, 2015, defendants allegedly repeatedly highlighted CTPartners Executive Search's reputation within the industries in which it operated based on the "integrity" of its employees and on the strength and qualifications of its search consultants.
Further, the plaintiff alleges that while CTPartners Executive Search represented that these consultants were promoted based on "objective" and "transparent" criteria related to their merits, and that this purported meritocracy had been and would be a key to the Company's ongoing success, the defendants, however, allegedly failed to disclose that CTPartners Executive Search allegedly operated as a "den of discrimination" that subjected employees to crude, improper and discriminatory practices, which threatened the Company's ability to raise capital, retain employees or successfully execute its core business functions.
On January 28, 2015, CTPartners Executive Search announced that it is revising its fourth quarter and full year 2014 preliminary earnings results previously announced on January 21, 2015. CTPartners Executive Search said that the revision is a result of a $1.7 million increase in the Company's estimate of operating expenses for the fourth quarter primarily due to compensation expense associated with consultant performance bonuses.. In addition, CTPartners Executive Search withdrew a proposed stock offering, this one announced only two days prior. Shares of CTPartners Executive Search Inc (NYSE MKT:CTP) declined to as low as $3.01 per share on January 29, 2015.
The lawsuit seeks to recover damages for certain CTPartners Executive Search investors.
Those who purchased CTPartners Executive Search Inc (NYSE MKT:CTP) shares have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.