NEW YORK, Aug. 2, 2016 /PRNewswire/ -- Attorney Advertising
-- Bronstein, Gewirtz & Grossman, LLC is investigating
potential claims on behalf of purchasers of the securities Diamond
Resorts International Inc. ("Diamond Resorts" or the "Company")
(NYSE: DRII). Such investors are advised to contact Peretz Bronstein or his investor relations
analyst, Yael Hurwitz at
info@bgandg.com or 212-697-6484.
The investigation concerns whether Diamond Resorts and certain
of its officers and/or directors have violated Sections 10(b) and
20(a) of the Securities Exchange Act of 1934.
On August 1, 2016, Diamond Resorts
revealed that it will delay the release of its second quarter 2016
results, as its independent public accountant said "has expressed
the view that the Company may not have correctly applied the
relative sales value inventory valuation model in the preparation
of its consolidated financial statements for 2014 and subsequent
periods."
About a week ago, Diamond Resorts also stated that it had agreed
to be acquired by Apollo Global Management for $30.25 per share. Right before this announcement,
an entity that seemingly affiliated with Diamond Resort's Board
Chairman, Stephen J. Cloobeck, sold
his shares and for about $19 million
in gross proceeds.
If you purchased Diamond Resorts shares or if you are aware of
any facts relating to this investigation, you can assist this
investigation by visiting the firm's site:
http://www.bgandg.com/drii. You can also contact Peretz Bronstein or his Investor Relations
Analyst, Yael Hurwitz of Bronstein,
Gewirtz & Grossman, LLC: 212-697-6484 or via email
info@bgandg.com. Those who inquire by e-mail are encouraged
to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC