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Poseidon Concepts Corp. Message Board

  • dana.scott4321 dana.scott4321 Feb 15, 2013 7:22 AM Flag

    SHAREHOLDER LAWSUIT FILED - DAYS LEFT FOR SHAREHOLDERS TO JOIN

     

    Tripp Levy PLLC Announces
    Filing of a Proposed Class Action Against Poseidon Concepts Corp.
    (TSX:PSN) in the Alberta Court of Queen's Bench

    CALGARY, ALBERTA and TORONTO, ONTARIO -- (Marketwire) - --
    The securities and shareholder rights law firm of Tripp Levy PLLC announced the
    filing in the Alberta Court of Queen's Bench of a proposed class
    action against Poseidon Concepts Corp. (TSX:PSN), and certain of the
    company's officers and directors.

    The proposed class includes persons who acquired securities of
    Poseidon Concepts on or prior to December 27, 2012, whether in a
    prospectus offering or in the secondary market.

    The action alleges, among other things, that the defendants made
    statements that were materially false and misleading regarding
    Poseidon Concepts' financial position, financial performance and cash
    flows, overstated the company's incomes and reported inflated assets.
    Among other relief, the action claims $251 million in damages.
    If you acquired common shares of Poseidon Concepts pursuant to the
    prospectus offering in late-January/early-February 2012, offering
    shares at $13.00 please contact us toll free at 1-877-772-3975 or email at contact @ tripplevy

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