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Stock impact report

SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Citizens Inc. To Contact The Firm Before Imminent Lead Plaintiff Deadlin...

Citizens, Inc. Class A ($1.00 Par) (CIA) 
Company Research Source: PR Newswire
NEW YORK, May 9, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Citizens Inc. ("Citizens" or the "Company") (NYSE: CIA) of the May 15, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers. The lawsuit has been filed in the U.S. District Court for the Western District of Texas on behalf of all those who purchased Citizen securities between March 11, 2015 and March 8, 2017 (the "Class Period").  The case, Gamboa v. Citizens, Inc. et al., No. 17-cv-00241 was filed on March 16, 2017, and has been assigned to Judge Robert Pitman.The lawsuit focuses on whether the Company and its executives violated federal securities laws by misrepresenting the Company's investment strategies in the open market that allowed it to inflate its own stock price. Specifically, on March 8, 2017, SeekingAlpha published a report alleging that although Citizen's promises o Show less Read more
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