NEW YORK, Oct. 08, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Liquid Holdings Group, Inc. (“Liquid Holdings”) (NASDAQ:LIQD) pursuant and/or traceable to the Company’s Registration Statement and Prospectus issued in connection with the Initial Public Offering on or about July 25, 2013 and/or who purchased their shares between July 26, 2013 and December 23, 2014.
You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the District of New Jersey. If you purchased or otherwise acquired Liquid Holdings securities pursuant to the July 25, 2013 Initial Public Offering and/or between July 26, 2013 and December 23, 2014, your rights may be affected by this action. To get more information go to:
http://zlk.9nl.com/liquid-holdings-liqd
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that defendants failed to disclose during the Class Period and in the Offering Documents issued in connection with the Initial Public Offering that the Company was overstating its ability to generate customers, that its business model was unsustainable, that the financial condition of the Company’s main and largest customer was deteriorating and that, as a result of the aforementioned, the Company’s financial results were overstated.
If you suffered a loss in Liquid Holdings you have until November 20, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.