OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
BOSTON, April 06, 2016 -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, has filed a class action lawsuit against Amaya Inc. ("Amaya" or the "Company") (NASDAQ:AYA) and certain of its officers and directors following the Company's announcement that its CEO faces insider trading charges. The class action affects all investors in Amaya securities purchased on the Nasdaq exchange between June 8, 2015 and March 23, 2016.
The case is pending in the United States District Court for the Southern District of New York, captioned Weisman v. Amaya Inc., et al., and alleges that Amaya’s CEO was engaged in an insider-trading scheme and that the Company failed to disclose that it lacked adequate internal controls, resulting in harm to investors.
On March 23, 2016, Quebec's securities regulator Autorite des march financiers (the "AMF") announced that it has charged Amaya's CEO and founder, David Baazov and other key insiders with insider trading. The AMF has been working in conjunction with the Royal Canadian Mounted Police, Quebec Police and U.S. regulators to determine why a large number of investors placed forward-looking bets on Amaya's stock prior to its $3.8 billion merger with industry stalwart PokerStars.
The AMF has stated that its investigation is ongoing and it may file additional charges. On news of the charges against Baazov, Amaya stock declined approximately 20%, resulting in a loss of market capitalization to shareholders of approximately $275 million. Baazov has since taken indefinite leave from Amaya to address the charges.
If you wish to serve as a lead plaintiff, you must move the Court no later than May 24, 2016. As a member of the class, you may move to serve as a lead plaintiff or take no action and remain an absent class member. If you have questions about your legal rights, would like a copy of the complaint or if you have information relevant to this lawsuit, please contact attorney Steven Harte of Block & Leviton LLP, www.blockesq.com, at (617) 398-5600 or at [email protected] or attorney Bradley Vettraino at (617) 398-5600 or [email protected].
Confidentiality to whistleblowers or others with information relevant to the lawsuit is assured.
Block & Leviton LLP (www.blockesq.com) is a securities litigation firm representing investors nationwide and its investigations into corporate wrong-doing have recently been covered by the New York Times. With offices in both offices in Boston and the Bay Area, Block & Leviton represents some of the nation's largest institutional investors and has recovered more than a billion dollars for its clients.
This notice may constitute attorney advertising.
Contact: BLOCK & LEVITON LLP Steven Harte Bradley Vettraino 155 Federal St Boston MA 02110 (617) 398-5600 [email protected] [email protected]
