Update in Lawsuit for Investors in NYSE: CGI Shares Against Celadon Group, Inc. Announced by Shareholders Foundation

Press Release - Jan 9, 2018

SAN DIEGO, CA, January 9, 2018 (Newswire.com) - The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain purchasers of NYSE: CGI shares against Celadon Group, Inc. over alleged violations of Securities Laws.

Investors who purchased shares of Celadon Group, Inc. (NYSE: CGI) should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

On April 19, 2017, a lawsuit was filed against Celadon Group, Inc. over alleged securities laws violations. The plaintiff claimed that the Defendants made false and/or misleading statements and/or failed to disclose that Celadon Group, Inc's equity contribution to its joint venture with Element Financial Corp. was $68.2 million, rather than the $100 million contribution the Company reported in its public filings; that Celadon Group, Inc. is being actively investigated by the United States Securities and Exchange Commission ("SEC"), and that as a result of the foregoing, CGI's publicly disseminated financial statements were materially false and misleading. An amended complaint was due in late October, however, the parties stipulated to a new time schedule and the amended complaint is now due 30 days after Celadon issues certain audited financials.

Those who purchased NYSE: CGI shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.

Source: Shareholders Foundation, Inc.

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