Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 from Investment in Chanticleer Holdings, Inc. to Inquir
06 Novembre 2012 - 11:20PM
Brower Piven, A Professional Corporation announces that a class
action lawsuit has been commenced in the United States District
Court for the Southern District of Florida on behalf of all persons
or entities who purchased Chanticleer Holdings, Inc. ("Chanticleer"
or the "Company") (Nasdaq:HOTR) (Nasdaq:HOTRW) (Nasdaq:HOTRU) Units
pursuant and/or traceable to the Company's June 21, 2012 secondary
offering ("SPO") including those who purchased Chanticleer common
stock or Units between June 21, 2012 and September 10, 2012,
inclusive ("Class Period").
If you have suffered a net loss for all transactions in
Chanticleer Holdings, Inc. pursuant to the Company's June 21, 2012
secondary offering, you may obtain additional information about
this lawsuit and your ability to become a lead plaintiff by
contacting Brower Piven at www.browerpiven.com, by email at
hoffman@browerpiven.com, by calling 410/415-6616, or at Brower
Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson,
Maryland 21153. Attorneys at Brower Piven have combined
experience litigating securities and class action cases of over 60
years.
No class has yet been certified in the above
action. Members of the Class will be represented by the lead
plaintiff and counsel chosen by the lead plaintiff. If you
wish to choose counsel to represent you and the Class, you must
apply to be appointed lead plaintiff no later than December 12,
2012 and be selected by the Court. The lead plaintiff will
direct the litigation and participate in important decisions
including whether to accept a settlement and how much of a
settlement to accept for the Class in the action. The lead
plaintiff will be selected from among applicants claiming the
largest loss from investment in the Company during the Class
Period. You are not required to have sold your shares to seek
damages or to serve as a Lead Plaintiff.
The complaint accuses the defendants of violations of the
Securities Act of 1933 by virtue of the Company's failure to
disclose in the SPO documents and/or during the Class Period that,
contrary to Chanticleer's representation that the financial
statements for its South African operations, accounting for a
majority of Chanticleer's revenues, had been audited, in reality,
they had not been audited. According to the complaint, when
Chanticleer revealed that the financial statements for its South
African operations had, indeed, not been audited, trading in
Chanticleer stock was halted.
If you choose to retain counsel, you may retain Brower Piven
without financial obligation or cost to you, or you may retain
other counsel of your choice. You need take no action at this
time to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
Stevenson, Maryland
410/415-6616
hoffman@browerpiven.com
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