LOS ANGELES, Oct. 31, 2018 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of India Globalization Capital, Inc. (“India Globalization” or “the Company”) (NYSE: IGC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The NYSE announced on October 29, 2018, that it would begin proceedings to delist India Globalization’s stock from the Exchange. The Exchange also announced that trading of the Company’s shares was “suspended immediately.” According to the NYSE, the “Company or its management have engaged in operations which, in the opinion of the Exchange, are contrary to the public interest.” Following this announcement, trading in Indian Globalization was halted.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com