SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against SAExploration Holdings, Inc. – SAEX
New York, N.Y., August 26, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of SAExploration Holdings Inc. (SAEX) between March 15, 2016 and August 15, 2019 , inclusive (the “Class Period”).
To join the SAEX class action, go to http://zhanginvestorlaw.com/cases/saexploration-holdings-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
According to the lawsuit, throughout the Class Period, SAEX and its senior executives presented false and misleading financial statements by failing to consolidate the results of Alaska Seismic Ventures, LLC (“ASV”), an entity in which the Company had a controlling financial interest, in its financial statements. These accounting abuses led to the Company disclosing: (i) the existence of SEC and internal investigations into the Company’s financial reporting; (ii) the need for SAEX to restate all of its financial statements covering 2015 through 2018; (iii) CEO Jeffrey Hastings had been placed on administrative leave; and (iv) CFO and General Counsel Brent Whitely had been fired. When this news entered the market, the lawsuit alleges that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 17, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/curaleaf-holdings-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.