Cases
Seven Stars Cloud Group, Inc. (SSC)
Securities Class Action
Overview
Overview
- Date:
- 2/27/2018
- Company Name:
- Seven Stars Cloud Group, Inc.
- Stock Symbol:
- SSC
- Status:
- Closed/Complete
NEW YORK, February 27, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against Seven Stars Cloud Group, Inc. (NASDAQ: SSC). Our investigation concerns whether Seven Stars has violated the federal securities laws and/or engaged in other unlawful business practices.
On February 22, 2018, the Company announced that on February 16, 2018, the Audit Committee of the board of directors of the Company had approved the dismissal of Grant Thornton International, the independent registered public accounting firm for Seven Stars. The Company’s release stated that there were no reportable events requiring disclosures, except that GT advised the Company of a material weakness in the Company’s internal control of financial reporting related to the design, documentation and implementation of effective internal controls over the review of the cash flow forecasts used in assessing the recoverability of licensed content.
Following this news, shares of Seven Stars fell $1.10 per share, or 39%, to close at $1.70 per share on February 23, 2018.
If you purchased or otherwise acquired Henry Schein shares and suffered a loss, continue to hold shares, have information, 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 Fortunato 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.
On February 22, 2018, the Company announced that on February 16, 2018, the Audit Committee of the board of directors of the Company had approved the dismissal of Grant Thornton International, the independent registered public accounting firm for Seven Stars. The Company’s release stated that there were no reportable events requiring disclosures, except that GT advised the Company of a material weakness in the Company’s internal control of financial reporting related to the design, documentation and implementation of effective internal controls over the review of the cash flow forecasts used in assessing the recoverability of licensed content.
Following this news, shares of Seven Stars fell $1.10 per share, or 39%, to close at $1.70 per share on February 23, 2018.
If you purchased or otherwise acquired Henry Schein shares and suffered a loss, continue to hold shares, have information, 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 Fortunato 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.