A settlement was reached in the lawsuit filed on behalf of certain investors of Ambow Education Holding Ltd (NYSE: AMBO) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on February 16, 2015. NYSE: AMBO investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/28/2015 -- A deadline is coming up on February 16, 2015 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased American Depositary Shares (ADS) of Ambow Education Holding Ltd (NYSE: AMBO) between August 5, 2010 through and including February 27, 2013, and held such American Depositary Shares through at least May 16, 2012.
Investors who purchased a significant amount of American Depositary Shares of Ambow Education Holding Ltd (NYSE: AMBO) between August 5, 2010 through and including February 27, 2013, and held such American Depositary Shares through at least May 16, 2012, have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Ambow Education Holding Ltd (NYSE: AMBO) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/ambow-education-holding-ltd-adr-nyse-ambo-investor-securities-class-action-lawsuit-06112012
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is February 16, 2015. The class action administrator for this case is Strategic Claims Services.
The lawsuit was originally filed in in the U.S. District Court for the Central District of California against Ambow Education Holding Ltd over alleged Violations of Federal Securities Laws in connection with certain statements. According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased ADS of Ambow Education Holding Ltd (NYSE: AMBO) between May 18, 2011 and May 16, 2012, that Ambow Education Holding Ltd and certain of its executive officers violated federal securities laws by issuing allegedly false and/or misleading statements, as well as allegedly failing to disclose material adverse facts about Ambow Education Holding Ltd's business, operations and prospects.
Those who purchased American Depositary Shares (ADS) of Ambow Education Holding Ltd (NYSE: AMBO) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com