Chanticleer Holdings Inc, HOTR Securities Lawsuit

- by

Company: Chanticleer Holdings Inc,
Ticker Symbol: HOTR
Class Period: Jun-21-12 to Sep-10-12
Date Filed: Dec-6-12
Lead Plaintiff Deadline: Feb-4-13
Court: Southern District of Florida
Atlanta, GA: A securities class action lawsuit has been filed on behalf of investors who purchased securities of Chanticleer Holdings, Inc. ("Chanticleer" or the "Company") (NASDAQ: HOTR) following the Company's June 21, 2012 secondary public offering.

The lawsuit, which was filed in the United States District Court for the Southern District of Florida, alleges that between June 21, 2012 and September 10, 2012 Chanticleer issued false and misleading public statements that caused its common stock and Units to trade at artificially inflated prices.

Specifically, the complaint alleges Chanticleer falsely told investors during that time that its South African operations had been audited. On September 10, 2012, the Company disclosed that, in fact, the audits had not been performed and trading of its stock was halted on the news.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Chanticleer Holdings Inc, HOTR Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Chanticleer Holdings Inc, securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.

Maybe it's your stockbroker

Add Your Comment on This Issue

Please read our comment guidelines before posting.

Note: Your name will be published with your comment.

Your email will only be used if a response is needed.

Request Legal Help