Cases
BlueNRGY Group Limited, f/k/a CBD Energy Limited (OTC BB : CBDEF)
Securities Class Action
Overview
Overview
- Date:
- 12/28/2016
- Company Name:
- Bats Global Markets, Inc.
- Stock Symbol:
- BATS
- Class Period:
- FROM 12/16/2016
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Kansas
NEW YORK, September 8, 2016 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Texas Southern District Court on behalf of all persons or entities who acquired BlueNRGY Group Limited, f/k/a CBD Energy Limited (OTC BB : CBDEF) securities between June 13, 2014 to October 24, 2014 (the “Class Period”).
According to the lawsuit, BlueNRGY issued materially false financial statements during the Class Period. On October 24, 2014, BlueNRGY announced that its previously issued audited financial statements for the fiscal years 2012 and 2013 and interim financial statements for the six months ended December 31, 2013 cannot be relied upon by investors. According to BlueNRGY, certain related party transactions involving its former Executive Chairman and Managing Director, Gerard McGowan, were not accurately disclosed in its financial statements. The failure to disclose and properly account for Mr. McGowan’s related party transactions rendered BlueNRGY’s financial statements for the fiscal years 2012 and 2013 false and misleading. On this news, shares of BlueNRGY fell sharply on October 24, 2014, damaging investors.
If you acquired BlueNRGY securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
According to the lawsuit, BlueNRGY issued materially false financial statements during the Class Period. On October 24, 2014, BlueNRGY announced that its previously issued audited financial statements for the fiscal years 2012 and 2013 and interim financial statements for the six months ended December 31, 2013 cannot be relied upon by investors. According to BlueNRGY, certain related party transactions involving its former Executive Chairman and Managing Director, Gerard McGowan, were not accurately disclosed in its financial statements. The failure to disclose and properly account for Mr. McGowan’s related party transactions rendered BlueNRGY’s financial statements for the fiscal years 2012 and 2013 false and misleading. On this news, shares of BlueNRGY fell sharply on October 24, 2014, damaging investors.
If you acquired BlueNRGY securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.