NEW YORK, Sept. 11, 2015 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased MDC Partners Inc. (NASDAQ:MDCA) securities between September 24, 2013 and April 27, 2015.
Click here to learn about the case: http://docs.wongesq.com/MDCA-Info-Request-Form-865. There is no cost or obligation to you.
According to the complaint, throughout the Class Period defendants issued materially false and misleading statements and/or failed to disclose material information. On April 27, 2015 the Company announced its financial results for the first quarter ended March 31, 2015. The Company also announced that: (a) it had been actively cooperating with an SEC investigation relating to the reimbursement of expenses incurred by CEO Miles Nadal; (b) that Mr. Nadal had agreed to reimburse the Company $8.6 million, (c) during the quarter ended March 31, 2015, the Company incurred approximately $5.8 million in legal fees and other related expenses relating to the inquiry; and (d) the Company reassigned its CFO, Michael Sabatino, to a new role in the Company.
If you suffered a loss in MDC Partners you have until September 29, 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. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/MDCA-Info-Request-Form-865.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
