LOS ANGELES, April 21, 2017 (GLOBE NEWSWIRE) -- Lundin Law PC , a shareholder rights firm, announces the filing of a class action lawsuit against Citizens, Inc. (âCitizensâ or the âCompanyâ) (:CIA) concerning possible violations of federal securities laws between March 11, 2015 and March 8, 2017 inclusive (the âClass Periodâ). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the May 15, 2017 lead plaintiff motion deadline.
- Warning! GuruFocus has detected 2 Warning Signs with CIA. Click here to check it out.
- CIA 15-Year Financial Data
- The intrinsic value of CIA
- Peter Lynch Chart of CIA
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
The Complaint states that throughout the Class Period, the Company violated federal securities laws. On March 8, 2017, SeekingAlpha released an article claiming that some premiums paid by policyholders are sent to Citizensâ transfer agent with the intention of rendering market purchases of Citizens stock â artificially inflating the Companyâs stock price. When this information reached the investing public, Citizensâ stock price fell, thus harming investors.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholdersâ rights.
This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethical rules.
Contact: Lundin Law PC Brian Lundin, Esq. Telephone: 888-713-1033 Facsimile: 888-713-1125 [email protected] http://lundinlawpc.com/