Glancy Prongay & Murray LLP Announces Investigation on Behalf of India Globalization Capital, Inc. Investors (IGC, IGCC)
LOS ANGELES--(BUSINESS WIRE)--Nov 28, 2018--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of India Globalization Capital, Inc. (“India Globalization” or the “Company”) (OTC: IGC , IGCC ) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On October 29, 2018, the NYSE American LLC (“NYSE American” or the “Exchange”) announced “that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of India Globalization Capital, Inc. — ticker symbol IGC — from the Exchange. Trading in the Company’s common stock on the NYSE American will be suspended immediately.” As a result, shares of India Globalization were suspended until October 30, 2018, when shares of IGC began trading on the OTC under the ticker symbol “IGCC.” India Globalization’s share price fell $1.93 per share, or more than 77.5%, to close at $0.56 per share on October 30, 2018, thereby injuring investors.
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If you purchased India Globalization, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20181128005878/en/
CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
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PUB: 11/28/2018 08:20 PM/DISC: 11/28/2018 08:20 PM