Eldorado Resorts Inc

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Case Summary
Company Name: Eldorado Resorts Inc
Stock Symbol : NASDAQ: ERI
Class Period Start: 03/01/2019
Class Period End: 09/02/2019
Lead Plaintiff motion: 11/12/2019
Date Filed: 09/23/2019
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 12, 2019 lead plaintiff deadline in a class action lawsuit filed against Eldorado Resorts Inc (NASDAQ: ERI) (“Eldorado” or “the Company”). The suit is pending in the U.S. District Court for the District of New Jersey and investors, who purchased Eldorado Resorts Inc securities between March 1, 2019 and September 2, 2019, have until November 12, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Eldorado Resorts 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 several of the Company’s executive officers, including Defendant Reeg, engaged in improper trading with respect to the securities of another publicly-traded company; and as a result, Defendants’ statements about the Eldorado’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On September 3, 2019, the Company revealed that CEO Tom Reeg, president and chief operating officer Anthony Carano, executive chairman Gary Carano, and director James Hawkins had received subpoenas in May pertaining to an ongoing investigation of the executives trading in an undisclosed company tied to James Hawkins.

Following this news, NASDAQ: ERI fell $3.09, or over 8%, to close at $35.42 on September 3, 2019.

If you were negatively impacted by your investment in Eldorado Resorts Inc securities between March 1, 2019 and September 2, 2019 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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