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0 0 0.00132450331125825 0.00132450331125825 -0.0119205298013246 -0.00662251655629148 -0.018543046357616 -0.018543046357616
Stock impact report

Court dismisses lawsuit against Citizens Inc., officers [Seeking Alpha]

Citizens, Inc. Class A ($1.00 Par) (CIA) 
Company Research Source: Seeking Alpha
Court dismisses lawsuit against Citizens Inc., officersCitizens Inc. (NYSE:CIA) reports a court dismissed with prejudice a previously disclosed class action against the company and five current and former officers and directors.Case, Juan Gamboa v Citizens Inc., et al, was dismissed by U.S. district court for the western district of Texas.Some CIA holder had filed the suit alleging some statements, including the voluntary disclosure of an adverse tax issue in its SEC filings, were materially false and misleading.The court stated there "is evidence supporting the inference that Citizens was not acting with an intent to defraud or mislead, but rather that they had reason to believe the disclosures were adequate."Source:Press ReleasePreviously:Citizens, Inc. -14%; targeted by SA contributor(March 8, 2017)Click to subscribe to real-time analytics on CIANow read:ING Offers Significant Value Trading At 9x Forward Earnings And 5% Dividend » Show less Read more
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