NEW YORK, NY / ACCESSWIRE / August 23, 2017 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Quadrant 4 System Corp. ("Quadrant 4" or the "Company") (OTC PINK: QFOR) and certain of its officers, on behalf of shareholders who purchased Quadrant 4 securities between August 14, 2012 through June 30, 2017, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: http://www.bgandg.com/qfor.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the Class Period, defendants issued false and misleading statements and/or failed to disclose that: (1) defendant Nandu Thondavadi, former CEO of Quadrant 4, and defendant Dhru Desai, former CFO of Quadrant 4, engaged in an accounting fraud scheme that misled investors; (2) defendants Thondavadi and Desai stole over $4 million from Quadrant 4; (3) Thondavadi and Desai caused Quadrant 4 to understate its liabilities and inflate its revenues and assets and evaded scrutiny by lying to Quadrant 4's auditors and providing them with forged and doctored documents; and (4) consequently, defendants' public statements were materially false and misleading at all relevant times.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: http://www.bgandg.com/qfor, or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Quadrant 4, you have until September 5, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
ReleaseID: 467488
