LAWSUITS NEWS & LEGAL INFORMATION
Camelot Information Systems Inc, CIS Securities Stock Fraud
|Company:||Camelot Information Systems Inc,|
|Class Period:||Jul-21-10 to Aug-17-11|
|Lead Plaintiff Deadline:||Mar-9-12|
|Court:||Southern District of New York.|
Camelot, through its subsidiaries, provides enterprise application services and financial industry information technology (IT) services. The Complaint alleges that the Company and certain of its executive officers and/or directors misrepresented or failed to disclose material adverse facts about the Company's business and financial results, including that: (1) the Company's IT professionals were not a competitive advantage to the Company and many were dissatisfied with Camelot, which would adversely affect Camelot's ability to retain its customers; (2) the Company was suffering from undisclosed attrition of employees, which was negatively affecting the Company's ability to attract new customers; (3) the Company misrepresented the numbers of highly trained professionals at its disposal; and (d) Camelot's contract with its most important customer, IBM, was not as solid as represented and would not be renewed on the same terms.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
Camelot Information Systems Inc, CIS Securities Fraud Legal HelpIf you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Camelot Information Systems Inc, securities class action lawsuit. Please click the link below to submit your complaint for a free evaluation.
Published on Jan-10-12
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