Thieler Law Corp advises investors with losses exceeding $100,000 of the May 15, 2017 lead plaintiff deadline in a class action lawsuit filed against Citizens Inc (NYSE:CIA) (“Citizens” or “the Company”). The suit is pending in the U.S. District Court for the Western District of Texas and investors, who purchased Citizens Inc securities between March 11, 2015 and March 8, 2017, have until May 15, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Citizens Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Citizens’ brokers and pitchbooks falsely claimed that most of the funds from its insurance policies were directly invested in U.S. Treasury Bond; funds from Citizens’ insurance policies were funneled into continuous open market purchases that inflated Citizens’ stock price; and as a result, defendants’ statements about Citizens’ business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On March 8, 2017, an article published by Seeking Alpha claimed that Citizens sells insurance policies through a network of brokers who prey on foreign families and retirees with promises of “guaranteed returns” backed by U.S. Treasuries. The article also alleged that Citizens was using a portion of the premiums paid by policyholders to make open market purchases of Citizens stock—artificially propping up the Company’s stock price.

Following this news, NYSE: CIA has fallen as much as $1.33, or 15.74%, during intraday trading on March 8, 2017.

If you were negatively impacted by your investment in Citizens Inc securities between March 11, 2015 and March 8, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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