DENVER -- (Business Wire)
The
Shuman Law Firm announces that it is investigating potential claims
against certain officers and directors of Liquidity Services, Inc.
(“Liquidity Services” or the “Company”) (Nasdaq: LQDT).
Liquidity Services is a Washington, DC-based company that operates
online auction marketplaces for surplus, salvage and scrap assets.
The Firm’s investigation relates to whether certain current and/or
former senior officers and directors breached their fiduciary duties to
the Company. Specifically, on March 31, 2016, the U.S. District Court
for the District of Columbia granted in part and denied in part a motion
to dismiss a securities fraud class action against Liquidity Services
and certain of its officers and directors. The class action lawsuit is
now proceeding toward trial and alleges that from February 1, 2012
through May 7, 2014, Liquidity Services officials made false statements
regarding the purported strength of the Company's retail and commercial
capital assets divisions, causing the stock price to be artificially
inflated. Further, the lawsuit alleges that Liquidity Services' Chief
Executive Officer sold $68.2 million of Company stock at artificially
inflated prices.
If you currently own Liquidity Services common stock and are interested
in discussing your rights, or have information relating to this
investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free
at (866) 569-4531 or by email at kip@shumanlawfirm.com
or rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation,
concentrating its practice in stockholder litigation.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160627006274/en/
Contacts:
The Shuman Law Firm
Kip B. Shuman, Esq., 866-569-4531
kip@shumanlawfirm.com
or
Rusty
E. Glenn, Esq., 866-569-4531
rusty@shumanlawfirm.com
Fax:
303-536-7849
www.shumanlawfirm.com
Source: The Shuman Law Firm
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