Energy News / Shareholders Foundation, Inc.

Deadline Upcoming in $1.65 Million Settlement in the Corporate Resource Services Inc (NASDAQ:CRRS) Investor Lawsuit

Via: ReleaseWire

Updated 11:00 AM CST, Mon, November 27,2017

A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Corporate Resource Services Inc (NASDAQ:CRRS) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on December 2, 2017 and NASDAQ:CRRS investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 11/27/2017 -- The Shareholders Foundation announces that a deadline is coming up on December 2, 2017 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Corporate Resource Services Inc (NASDAQ:CRRS) between April 26, 2012 and March 20, 2015.

Investors who purchased a significant amount of shares of Corporate Resource Services Inc (NASDAQ: CRRS) between April 26, 2012 and March 20, 2015, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the Corporate Resource Services Inc (NASDAQ:CRRS) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/corporate-resource-services-inc-nasdaq-crrs-investor-securities-class-action-lawsuit-03022015

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is December 2, 2017. The class action administrator for this case is Strategic Claims Services.

The lawsuit was originally filed in the U.S. District Court for the Eastern District of New York over alleged violations of Federal Securities Laws by Corporate Resource Services Inc in connection with certain allegedly false and misleading statements made between July 1, 2014 and February 6, 2015.

According to the complaint the plaintiff alleges on behalf of purchasers of Corporate Resource Services Inc (NASDAQ:CRRS) common shares between July 1, 2014 and February 6, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that Corporate Resource Services Inc issued allegedly materially false and misleading statements to investors by failing to disclose that its co-employer, Tri-State Employment Services, Inc., had a material unpaid federal payroll tax liability, which would adversely impact the Company and the Company was not in compliance with the Account Purchase Agreements with Wells Fargo as of November 30, 2014 and that when the truth was revealed to investors, the price of Corporate Resource Services Inc common stock dropped, damaging investors.

Those who purchased shares of Corporate Resource Services Inc (NASDAQ:CRRS) 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

For more information on this press release visit:
http://www.sbwire.com/press-releases/deadline-upcoming-in-165-million-settlement-in-the-corporate-resource-services-inc-nasdaqcrrs-investor-lawsuit-897318.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com