Celadon Group, Inc.
Period: Dec 30, 2016 to Apr 18, 2017
Lead Plaintiff Deadline: Jun 19, 2017
Summary of Case:
A securities class action has been filed against Celadon Group, Inc. ("CGI") on behalf of all persons and entities who purchased or otherwise acquired Celadon common stock between December 30, 2016 through April 18, 2017. This case has been filed in the USDC - New York (Southern).
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that (i) CGI's equity contribution to its joint venture with Element Financial Corp. was $68.2 million, rather than the $100 million contribution the Company reported in its public filings; (ii) the Company is being actively investigated by the United States Securities and Exchange Commission; and (iii) that as a result of the foregoin
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