A lawsuit was filed on behalf of investors in Eldorado Resorts, Inc. (NASDAQ: ERI) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 10/01/2019 -- An investor, who purchased shares of Eldorado Resorts, Inc. (NASDAQ: ERI), filed a lawsuit over alleged violations of Federal Securities Laws by Eldorado Resorts, Inc.
Investors who purchased shares of Eldorado Resorts, Inc. (NASDAQ: ERI) have certain options and for certain investors are short and strict deadlines running. Deadline: November 22, 2019. NASDAQ: ERI investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
On September 3, 2019, Eldorado Resorts, Inc. disclosed that CEO Tom Reeg, chief operating officer and president Anthony Carano, executive chairman Gary Carano and board member James Hawkins had received subpoenas in May relating to an ongoing investigation of the executives trading in an undisclosed company tied to Hawkins.
The plaintiff claims that between March 1, 2019 and September 2, 2019, the defendants made false and/or misleading statements and/or failed to disclose that several of the Company's executive officers, including CEO Thomas Reeg, engaged in improper trading with respect to the securities of another publicly-traded company, and that as a result, Defendants' statements about Eldorado's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of Eldorado Resorts, Inc. (NASDAQ: ERI) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.