DAVID BAAZOV relating to AMAYA INC. (TSE: AYA, NASDAQ: AYA, FRA: 0AY)
Quebec Superior Court, Court File No.: 500-06-000859-179
Andrew Morganti and Albert Pelletier have become members of Kim Spencer McPhee Barristers, P.C., and the authoritative page for this securities litigation can now be found at our new website.
It is alleged that David Baazov, Amaya Inc.’s former Chief Executive Officer, released 2 statements containing misrepresentations about taking Amaya private, on February 1, 2016 (at $21 per share) and November 14, 2016 (at $24 per share).
For the first statement, it has been reported that Baazov’s financial support came from three other employees of Amaya, including Daniel Sebag (then the CFO) and Marlon Goldstein (then Ex. Vice Pres and General Counsel). For the second statement, Baazov now reported that his financial support came from Ferdyne Advisory Inc, Goldenway Capital SPC, Head and Shoulders Financial Group, and KPC Aldini Capital Limited.
The parties are currently engaged in discovery.