NEW YORK, July 11, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Isle of Capri Casinos, Inc. ("Isle of Capri Casinos" or the "Company") ISLE. Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.
The investigation concerns whether Isle of Capri Casinos and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On July 10, 2014, the Company announced in a Securities and Exchange Commission ("SEC") filing that effective July 10, 2014, Dale R. Black, who had served as Chief Financial Officer for the Company since 2007, was abruptly leaving the Company. The Company also announced that the position of Chief Strategic Officer, currently held by Eric L. Hausler, had been eliminated and that Mr. Hausler would replace Mr. Black as CFO.
On this news, shares of Isle of Capri Casinos fell $1.35 per share to $8.70, or more than 13.43%, in intraday trading on July 11, 2014.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
SOURCE Pomerantz LLP
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