- HOTR suffered an immediate decline in share price of approximately 50% to $1.66 per share;
- A shareholder class action was filed in the Southern District of Florida alleging that the Company’s registration statement and prospectus was false and misleading. This court case is still pending and shareholders may still have their voices heard by contacting us;
- The Company announced that its South African subsidiaries have not filed certain corporate income taxes for some years; and
- The Company announced that it had been served a subpoena from the Securities and Exchange Commission seeking information regarding its South African Hooters entities’ accounting.
If you own Chanticleer shares and have any questions concerning your rights or interests with respect to the Company or its Hooters operations, please contact The Law Offices of Nicholas Koluncich III, LLC. The initial attorney consultation is free of charge and any future legal expenses would be advanced by our firm. All information shall be treated as attorney client privileged and confidential. Although the outcome of litigation is never assured, as a Chanticleer / HOTR shareholder, you may be eligible for some form of financial recovery.The Law Offices of Nicholas Koluncich III, LLC6501 Americas Parkway NEOne Park Square – Suite 820Albuquerque, NM 87110(505) 881-2228FAX (505) 881-4288 firstname.lastname@example.org The Law Offices of Nicholas Koluncich III, LLC has been representing individual and institutional investors for over a decade, serving as counsel in numerous securities and derivative litigations in U.S. Federal and state courts.