EQUITY ALERT: The Rosen Law Firm Files Securities
Post# of 301275
NEW YORK, Feb. 7, 2015 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A., a global investor rights firm, announces that it has filed a class action lawsuit on behalf of investors who purchased Xoom Corp. common stock (Nasdaq: XOOM ) pursuant and/or traceable to its initial public offering conducted on February 14, 2013. The lawsuit seeks to recover investors' losses by asserting claims under the federal securities laws.
To join the Xoom class action, visit the firm's website at http://www.rosenlegal.com/cases-416.html , or contact Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or via email at email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action. The case is pending in the Superior Court of the State of California for the County of San Francisco.
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 CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
According to the lawsuit, Xoom and certain of its officers and directors made false and misleading statements and failed to disclose that its internal controls were deficient. On October 28, 2014, Xoom announced the resignation of Ryno Blignaut as its CFO. On January 5, 2015, Xoom announced $30.8 million in corporate cash was illegally transferred to overseas accounts. On that same day, Xoom announced the resignation of Matt Hibbard as its CFO. Following this adverse news, Xoom's share price declined, damaging investors.
If you wish to join the litigation go to http://www.rosenlegal.com/cases-416.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll-free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com .
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 www.rosenlegal.com
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