NEW YORK, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of India Globalization Capital, Inc. (“India Globalization” or the “Company”) (NYSE: IGC) (OTC: IGCC) resulting from allegations that India Globalization and/or its executives may have issued materially misleading business information to the investing public.
If you purchased India Globalization securities, and/or would like to discuss your legal rights and options, please visit India Globalization Shareholder Investigation or contact Daniel Sadeh toll free at (877) 779-1414 or dsadeh@bernlieb.com.
On October 29, 2018, the NYSE American LLC (“NYSE American” or the “Exchange”) “announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of India Globalization Capital, Inc. (NYSE: IGC) — ticker symbol IGC —from the Exchange. Trading in the Company’s common stock on the NYSE American will be suspended immediately.” The Exchange further stated that the “Company or its management have engaged in operations which, in the opinion of the Exchange, are contrary to the public interest.”
On this news, India Globalization stock fell $1.96 per share, or over 78%, on abnormally high volume from its previous closing price to close at $0.53 per share on October 30, 2018, damaging investors.
If you purchased India Globalization securities, and/or would like to discuss your legal rights and options, please visit https://www.bernlieb.com/cases/india-globalization-capital-inc-igc-lawsuit-class-action-fraud-stock-90/ or contact Daniel Sadeh toll free at (877) 779-1414 or dsadeh@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.
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Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
dsadeh@bernlieb.com