Hallmark Financial Services Inc. (HALL) being investigated for potential wrongdoings, those with information or shareholders please step forth
Mon 4th May 2020 | Posted by GPMfeeds, on Blog
LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Hallmark Financial Services Inc., (“Hallmark Financial Services” or the “Company”) (NASDAQ: HALL) investors concerning the Company and its officers’ possible violations of the federal securities laws.
If you suffered a loss on your Hallmark Financial Services investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information here or contact Charles H. Linehan, of GPM at 310-801-2829, via email shareholders@glancylaw.com or visit our website at www.glancylaw.com to learn more about your rights.
On March 2, 2020, Hallmark Financial Services issued a press release, stating that it “made the strategic decision to exit its Binding Primary Auto business.”
On this news, the Company’s share price fell $2.10, or over 14%, to close at $12.23 per share on March 3, 2020, thereby injuring investors.
Whistleblower Notice: Persons with non-public information regarding Hallmark Financial Services should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-801-2829 or email shareholders@glancylaw.com.
About GPM
Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. ISS Securities Class Action Services has consistently ranked GPM in its annual SCAS Top 50 Report. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPM’s nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM’s lawyers have handled cases covering a wide spectrum of corporate misconduct including cases involving financial restatements, internal control weaknesses, earnings management, fraudulent earnings guidance and forward looking statements, auditor misconduct, insider trading, violations of FDA regulations, actions resulting in FDA and DOJ investigations, and many other forms of corporate misconduct. GPM’s attorneys have worked on securities cases relating to nearly all industries and sectors in the financial markets, including, energy, consumer discretionary, consumer staples, real estate and REITs, financial, insurance, information technology, health care, biotech, cryptocurrency, medical devices, and many more. GPM’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Glancy Prongay & Murray LLP, Los Angeles
Charles H. Linehan, 310-801-2829
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
www.glancylaw.com
shareholders@glancylaw.com
Case Data Byte | |
Law Firm | Glancy Prongay & Murray LLP |
Company Name | HALL Financial Services |
Stock Symbol | HALL |
Class Period | asap |
Lead Plaintiff Motion Deadline | asap |
Contact Attorney | Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 |
Contact Phone | 310-801-2829 |
Contact Email | shareholders@glancylaw.com |
Press Release | https://www.glancylaw.com/news-faqs/hallmark-financial-services-inc-hall-being-investigated-for-potential-wrongdoings-those-with-information-or-shareholders-please-step-forth/ |
Case Summary | On March 2, 2020, Hallmark Financial Services issued a press release, stating that it “made the strategic decision to exit its Binding Primary Auto business.” On this news, the Company’s share price fell $2.10, or over 14%, to close at $12.23 per share on March 3, 2020, thereby injuring investors. |
About the Company | As an accounting firm, Hall Financial Services is pleased to provide businesses and individuals a variety of traditional services. Examples include assistance with bookkeeping, stock options, business advisory, and forming a new business. Please contact our office for information on the additional accounting and consulting services we offer. |
Yahoo Finance | https://finance.yahoo.com/quote/BBBY |
Website | http://www.hallfinancialservices.com/ |
Wikipedia | |
Join Action Link | https://www.glancylaw.com/cases/hallmark-financial-services-inc/ |