The Shareholders Foundation announces that an investigation on behalf of investors of CTPartners Executive Search Inc (NYSEMKT:CTP) shares was initiated over potential securities laws violations by CTPartners Executive Search and certain of its directors and officers in connection certain financial statements.
Investors who purchased shares of CTPartners Executive Search Inc (NYSEMKT:CTP) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of CTPartners Executive Search Inc (NYSEMKT:CTP) concerning whether a series of statements by CTPartners Executive Search regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On December 8, 2014, a media outlet reported that a complaint had been filed with the Equal Employment Opportunity Committee by a former employee of CTPartners Executive Search Inc. The complaint reportedly detailed CTPartners Executive Search Inc as “a den of discrimination where women are stripped of profitable accounts, held to a higher standard than their male colleagues and subjected to lewd behavior.”
That same day CTPartners Executive Search Inc announced that it is withdrawing, effective immediately, the previously announced public offering of 702,703 shares of common stock by the Company and 404,767 shares of common stock by Brian M. Sullivan, the Company’s Chairman and Chief Executive Officer, due to market conditions.
On January 21, 2015, CTPartners Executive Search Inc announced its preliminary fourth quarter and full fiscal year 2014 financial results. CTPartners Executive Search Inc announced preliminary adjusted earnings per share (“EPS”) for the quarter of $0.06 to $0.08 per share.
According to the investigation adjusted earnings per share came in well below the Company’s original guidance.
Shares of CTPartners Executive Search Inc (NYSEMKT:CTP) declined to as low as $3.01 per share on January 29, 2015.
On February 23, 2015, NYSEMKT:CTP shares closed at $6.65 per share.
Those who purchased shares of CTPartners Executive Search Inc (NYSEMKT:CTP) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com