Liquid Holdings Group Ltd

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Case Summary
Company Name: Liquid Holdings Group Ltd
Stock Symbol : NASDAQ: LIQD
Class Period Start: 07/25/2013
Class Period End: 12/23/2014
Lead Plaintiff motion: 11/20/2015
Date Filed: 09/21/2015
Type of Case: Securities Class Action
Court: U.S. District Court for the District of New Jersey
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the November 20, 2015 lead plaintiff deadline in a class action lawsuit filed against Liquid Holdings Group Ltd (NASDAQ: LIQD) (“Liquid Holdings” or “the Company”). The suit is pending in the U.S. District Court for the District of New Jersey and investors, who purchased Liquid Holdings securities (1) pursuant and/or traceable to the Company’s Registration Statement and Prospectus issued in connection with the Company’s initial public offering on or about July 25, 2013; and/or (2) between July 26, 2013 and December 23, 2014, inclusive, have until November 20, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Liquid Holdings securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 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 (1) that the Company was overstating its future new customer base; (2) that Liquid Holdings had an unsustainable business model; (3) that the financial condition of the Company’s main and largest customer (an investment entity known as QuantX Management, LLP) was in jeopardy; (4) that, as a result, the Company’s financial results and operating metrics were overstated; (5) that, as such, Liquid Holdings’s financial statements were prepaed without using the guidelines outlined by Generally Accepted Accounting Principles; (6) that the Company lacked sufficient internal controls; (7) and that, as a result of the foregoing, the Company’s financial statements and Defendants’ statements about Liquid Holding’s business, operations, and prospects, were materially false and misleading at all times specified in the complaint.

On September 16, 2015, Liquid Holdings announced that after an investigation that included outside counsel, the Company’s prior financial statements for the nine months ended September 30, 2014, can no longer be relied upon, “due to certain accounting errors.”

If you were negatively impacted by your investment in Liquid Holdings securities (1) pursuant and/or traceable to the Company’s Registration Statement and Prospectus issued in connection with the Company’s initial public offering on or about July 25, 2013; and/or (2) between July 26, 2013 and December 23, 2014 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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Please find below an excerpt of the complaint filed

Liquid Holdings Group Inc Complaint 2015

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