The Schall Law Firm, a national shareholder rights litigation firm, has announced that it is investigating claims on behalf of investors of Wanda Sports Group for alleged ‘violations of the securities laws’.
The investigation focuses on whether ‘Wanda Sports issued false and/or misleading statements and/or failed to disclose information pertinent to investors.’
A release from Schall Law Firm cites the lower than expected results from Wanda Sports’ initial public offering (IPO) this summer. Although, it doesn’t state what ‘false and/or misleading statements’ or disclosure failures were made.
The firm’s release notes that… ‘Wanda Sports sold approximately 24 million American Depositary Shares (ADSs) as part of its July 26, 2019 IPO. Since the IPO was completed, the company has reported poor results for the second quarter of 2019… As of October 8, 2019, Wanda Sports’ ADSs have lost about 50% of their IPO price.’
Schall Law represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. A release from the firm encourages investors to get in contact…
‘We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian[at]schallfirm.com.’
The law firm adds that… ‘class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.’
The firm’s press release also goes on to add that its press release ‘may be considered attorney advertising in some jurisdictions under the applicable law and rules of ethics.’