Levi & Korsinsky Notifies Investors With Losses on Their Investment in Zoo Entertainment, Inc. of Class Action Lawsuit and th...
26 Julio 2011 - 5:40PM
Marketwired
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Southern
District of Ohio on behalf of purchasers of Zoo Entertainment, Inc.
("Zoo" or the "Company") (NASDAQ: ZOOG) common stock from May 17,
2010 through April 15, 2011 (the "Class Period").
For more information, click here: http://zlk.9nl.com/ZOOG.
The complaint alleges that during the Class Period, defendants
issued materially false and misleading statements regarding the
Company's finances. As a result of these misrepresentations, Zoo
stock traded at artificially high prices. On April 15, 2011, the
Company issued a press release announcing that there were "errors
in recording certain transactions in the company's unaudited
consolidated financial statements for each of the months ended
March 31, 2010, the three and six months ended June 30, 2010 and
the three and nine months ended September 30, 2010." As a result,
the Company warned that investors should not longer rely on those
financial statements. Upon the announcement of this news, the price
of Zoo stock plummeted more than 34 percent.
If you are a member of the class and suffered a loss in Zoo
stock, you have 60 days from today to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery is not affected by the decision whether or not to serve as
a lead plaintiff. To obtain additional information about your
rights, contact Joseph Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (877) 363-5972, or visit
http://www.zlk.com/zoo-entertainment-zoog.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. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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