Shareholder Alert: Robbins Arroyo LLP Announces Eldorado Resorts, Inc. (ERI) Sued for Misleading Shareholders

Shareholder rights law firm Robbins Arroyo LLP announces that a purchaser of Eldorado Resorts, Inc. (NASDAQ: ERI) filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between March 1, 2019 and September 2, 2019.

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Provider: 
Business Wire, Inc.
Retrieved on: 
Tuesday, October 1, 2019
Information
Tags: 
Legal, Professional services, Eldorado Resorts, Eri, Companies, Economy of the United States
Geotags: 
United States, California, MARYLAND
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Summary
Key Points: 
  • Shareholder rights law firm Robbins Arroyo LLP announces that a purchaser of Eldorado Resorts, Inc. (NASDAQ: ERI) filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between March 1, 2019 and September 2, 2019.
  • Eldorado operates as a gaming and hospitality company in the United States.
  • If you suffered a loss as a result of Eldorado's misconduct, click here .
  • Following this filing, The New York Post revealed that the undisclosed company was IRadimed Corp., which employed a board member of Eldorado as a director.


Shareholder rights law firm Robbins Arroyo LLP announces that a purchaser of Eldorado Resorts, Inc. (NASDAQ: ERI) filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between March 1, 2019 and September 2, 2019. Eldorado operates as a gaming and hospitality company in the United States.

If you suffered a loss as a result of Eldorado's misconduct, click here.

Eldorado Resorts, Inc. (ERI) Accused of Misleading Shareholders

According to the complaint, throughout the relevant period, Eldorado had continuously reaffirmed the compliance of its directors and employees to the Company's code of ethics and business conduct, including its policy to comply with all applicable laws, rules, and regulations. Despite Eldorado's assurances, on September 3, 2019, Eldorado filed a Form S-4 with the SEC disclosing that several of its officers had received a subpoena from the SEC in May 2019 relating to an investigation of improper trading in securities of another publicly traded company. Following this filing, The New York Post revealed that the undisclosed company was IRadimed Corp., which employed a board member of Eldorado as a director. On this news, the stock fell 8% to close at $35.42.

Eldorado Resorts, Inc. (ERI) Shareholders Have Legal Options

Contact us to learn more:

Leo Kandinov

(800) 350-6003

[email protected]

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Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click Here to receive free alerts from Stock Watch when companies engage in wrongdoing.

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