NEW YORK, Sept. 17, 2015
NEW YORK, Sept. 17, 2015 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating potential securities claims on behalf of investors of Liquid Holdings Group, Inc. (NASDAQ: LIQD) ("Liquid" or the "Company") resulting from allegations that Liquid may have issued materially misleading business information to the investing public.
On September 17, 2015, Liquid announced that the Company's previously issued unaudited condensed consolidated financial statements as of September 30, 2014 and for the three and nine months ended September 30, 2014 (the "Restatement Periods") should no longer be relied upon and should be restated (the "Restatement") due to certain accounting errors. The accounting errors involve the premature recognition of revenue from QuantX Management, LLP and from other customers of the Company that had received allocations of capital from QuantX during the quarter ended September 30, 2014, before collectability was reasonably assured.
Accordingly, Liquid announced that investors should no longer rely upon the Company's previously filed financial statements and other financial data for the Restatement Periods or any press releases or other communications that relate to that information.
Liquid stock has since fallen considerably following the announcements of its financial irregularities thereby damaging investors.
If you purchased shares of Liquid and have suffered a loss from your investment in Liquid common stock and would like to learn more about this investigation, including your ability to potentially recover your losses, please contact us either by email at email@example.com or by telephone at (800) 511-7037 or visit our website at www.tripplevy.com/participate-in-an-action.
Tripp Levy PLLC is a leading national securities and shareholder rights law firm representing both individual and institutional shareholders and, along with its affiliate, have recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America."
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SOURCE Tripp Levy PLLC