Energy News / Shareholders Foundation, Inc.

NASDAQ:SAEX Shareholder Notice: Lawsuit Alleges False and Misleading Statements by SAExploration Holdings, Inc.

Via: ReleaseWire

Updated 11:00 AM CDT, Wed, September 04,2019

A lawsuit was filed on behalf of investors in SAExploration Holdings, Inc. (NASDAQ: SAEX) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 09/04/2019 -- An investor, who purchased shares of SAExploration Holdings, Inc. (NASDAQ: SAEX), filed a lawsuit over alleged violations of Federal Securities Laws by SAExploration Holdings, Inc.

Investors who purchased shares of SAExploration Holdings, Inc. (NASDAQ: SAEX) have certain options and for certain investors are short and strict deadlines running. Deadline: October 17, 2019. NASDAQ: SAEX investors should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of SAExploration Holdings, Inc. (NASDAQ: SAEX) common shares between March 15, 2016 and August 15, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 15, 2016 and August 15, 2019, the defendants made false and/or misleading statements and/or failed to disclose that the Company improperly did not classify Alaska Seismic Ventures, LLC ("ASV") as a variable interest entity, that the Company had a controlling financial interest in ASV, which required the Company to consolidate ASV in its financial statements, that the Company had deficient internal controls over financial reporting, that these practices were likely to lead to an investigation of the Company by the SEC, that SAExploration would be forced to delay the filing of its quarterly report for the quarter ended June 30, 2019, and that as a result, Defendants' statements about SAExploration's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times

Those who purchased shares of SAExploration Holdings, Inc. (NASDAQ: SAEX) have certain options and should contact the Shareholders Foundation.

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

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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Media Relations Contact
Michael Daniels
Email: Click to Email Michael Daniels