NEW YORK, July 21, 2015 /PRNewswire/ -- Levi &
Korsinsky announces it has commenced an investigation of
Ambassadors Group Inc. (NASDAQGS: EPAX) concerning possible
violations of federal securities laws by certain officers and
directors. The investigation concerns whether certain statements
made by Ambassadors Group regarding its business and prospects were
false and misleading, resulting in significant investment losses to
shareholders. On July 13, 2015, after
the market close, Ambassadors Group surprised investors by
announcing the cessation of operations by 2015 year-end, citing
declining revenues and declining travelers for several years. This
news shocked the market and sent the company's shares into a
free-fall—losing approximately 31% in pre-market trading on
July 14, 2015, from $2.40 to approximately $1.75 per share on intraday trading July 14, 2015. To obtain additional information,
go to:
http://zlk.9nl.com/ambassadors-group-epax
or contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP