NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A., a global investor rights firm, announces it is investigating potential securities claims on behalf of shareholders of Noble Group Ltd (OTC: NOBGF, NOBGY) resulting from allegations that Noble Group may have issued materially misleading business information to the investing public.
On February 15, 2015, Iceberg Research issued a report alleging, among other things, that: (i) Noble Group exploits the accounting treatment of its associates to avoid large impairments and fabricate profit; and (ii) contrary to what Noble Group’s management claims, the misfortunes of these associates have a substantial cash impact on Noble. On this news, shares of NOBGF fell $0.10 per share or over 11% to close at $0.78 per share on February 17, 2015 and shares of NOBGY fell $2.33 per share or over 13% to close at $15.49 per share on February 17, 2015, damaging investors.
The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Noble Group investors. If you purchased shares of Noble Group before February 16, 2015, please visit the website at http://rosenlegal.com/cases-512.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email 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.
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