The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired
securities of MDC Partners Inc. (“MDC”) (NASDAQ:MDCA) between
September 24, 2013 and April 27, 2015.
You are hereby notified that a securities class action lawsuit
has been commenced in the USDC for the Southern District of New York. If
you purchased or otherwise acquired MDC securities between September 24,
2013 and April 27, 2015, inclusive, your rights may be affected by this
action. To get more information go to:
http://zlk.9nl.com/mdc-partners-mdca
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.
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 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.
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.
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