July 9, 2012
is investigating whether the board of directors of Magna International, Inc. (NYSE: MGA) violated shareholder protection laws for issuing materially false and misleading statements to investors that artificially inflated the company's stock price. Concerned Magna International investors who held shares before
January 12, 2011
are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or
about their rights and remedies.
"The company is accused of misrepresenting facts about entering into long-term European customer contracts at steeply discounted prices, resulting in a significant decline in its European margins," securities lawyer Hamilton Lindley said. "Our proposed shareholder lawsuit will seek to ensure that proper controls are placed to correct any improper behavior, and to improve the company's value for investors."
lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Magna International, Inc. shareholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at
Hamilton LindleyGoldfarb LLP2501 N. Harwood, Ste. 1801
75201(877) 583-2855 Toll Free Telephone (214) 583-2233 Local Phone Number (214) 583-2234 Fax Number
SOURCE Goldfarb LLP