Amaya, owners of PokerStars and Full Tilt, finds itself in the news headlines for all the wrong reasons once again after Rosen Law Firm announced it is filing a securities class action lawsuit against the Canadian gambling giant.
Rosen Law Firm, a global investor-rights law firm, is seeking to recover damages for Amaya investors under the federal securities laws. The lawsuit, of which no class has yet been certified, claims Amaya issued false and misleading statements to investors and/or failed to disclose that:
- Amaya's CEO was engaged in an insider trading scheme that involved influencing the market price of the Amaya's securities and communicating privileged information to third parties.