Lundin Law PC Announces Securities Class Action Lawsuit against Citizens, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, April 21, 2017 (GLOBE NEWSWIRE) -- Lundin Law PC , a shareholder rights firm, announces the filing of a class action lawsuit against Citizens, Inc. (“Citizens” or the “Company”) (NYSE:CIA) concerning possible violations of federal securities laws between March 11, 2015 and March 8, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the May 15, 2017 lead plaintiff motion deadline.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
The Complaint states that throughout the Class Period, the Company violated federal securities laws. On March 8, 2017, SeekingAlpha released an article claiming that some premiums paid by policyholders are sent to Citizens’ transfer agent with the intention of rendering market purchases of Citizens stock – artificially inflating the Company’s stock price. When this information reached the investing public, Citizens’ stock price fell, thus harming investors.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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Lundin Law PC
Brian Lundin, Esq.