RADNOR, Pa., Sept. 08, 2015 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP reminds MDC Partners, Inc. (Nasdaq:MDCA) (“MDC” or the “Company”) shareholders that a class action lawsuit has been filed against the Company on behalf of purchasers of MDC’s securities between September 24, 2013 and April 27, 2015, inclusive (the “Class Period”).
MDC shareholders who purchased their securities during the Class Period are reminded that they may, no later than September 29, 2015, petition the Court to be appointed as a lead plaintiff of the class.
MDC shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. Check, Esq., D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299-7706 or at info@ktmc.com. For additional information about this lawsuit, or to request information about this action online, please visit http://www.ktmc.com/new-cases/mdc-partners-inc.
The complaint alleges that MDC and certain of its senior executive officers made a series of false and misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, executive compensation and related party transactions. Following these disclosures, shares of MDC’s stock declined $7.78 per share, or over 27.8 percent, to close on April 28, 2015 at $20.20 per share, on unusually heavy trading volume.
Members of the class may, no later than September 29, 2015, petition the Court to be appointed as a lead plaintiff of the class. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class in the action. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check. For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
Darren J. Check, Esq.
D. Seamus Kaskela, Esq.
Adrienne O. Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(888) 299 - 7706
(610) 667 - 7706
info@ktmc.com