The Law Firm Of Levi & Korsinsky Notifies Investors With Losses On Their Investment In Camelot Information Systems Inc. Of Class Action Lawsuit And The Deadline Of March 5, 2012 To Seek A Lead Plaintiff Position
Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Camelot Information Systems Inc. (“Camelot” or the “Company”) (NYSE: CIS) American Depository Shares between July 21, 2010 and August 17, 2011, inclusive (the “Class Period”), including those who acquired Camelot ADSs pursuant or traceable to the Company’s July 21, 2010 initial public offering (“IPO”) and December 10, 2010 Secondary Offering.
For more information, click here: http://zlk.9nl.com/camelot-information-systems-cis/.
The Complaint alleges that the Company and certain of its executive officers and/or directors misrepresented or failed to disclose material adverse facts concerning the Company’s business and financial results, including that: (1) the Company’s IT professionals were not a competitive advantage to the Company and many were dissatisfied with Camelot, which would adversely affect Camelot’s ability to retain its customers; (2) the Company was suffering from undisclosed attrition of employees, which was negatively affecting the Company’s ability to attract new customers; (3) the Company misrepresented the numbers of highly trained professionals at its disposal; and (4) Camelot’s contract with its most important customer, IBM, was not as solid as represented and would not be renewed on the same terms.
If you suffered a loss in Camelot you have until March 5, 2012 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 Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (877) 363-5972, or visit http://www.zlk.com/camelot-information-systems-cis.html.Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. Attorney advertising. Prior results do not guarantee similar outcomes.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV