San Diego, CA -- (SBWIRE) -- 05/08/2017 -- An investor, who purchased NYSE:CGI shares, filed a lawsuit over alleged violations of Federal Securities Laws by Celadon Group, Inc.

Investors who purchased shares of Celadon Group, Inc. (NYSE:CGI) have certain options and for certain investors are short and strict deadlines running. Deadline: June 19, 2017. NYSE:CGI investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff claims that the Defendants made false and/or misleading statements and/or failed to disclose that Celadon Group, Inc's equity contribution to its joint venture with Element Financial Corp. was $68.2 million, rather than the $100 million contribution the Company reported in its public filings; , that Celadon Group, Inc. is being actively investigated by the Unites States Securities and Exchange Commission ("SEC"), and that as a result of the foregoing, CGI's publicly disseminated financial statements were materially false and misleading.

On April 5, 2017 a report was published alleging that Celadon Group, Inc allegedly has used off-balance sheet entities…and manipulative accounting practices to hide its insolvent condition from investors and creditors."

On April 19, 2017, another report was published in which they provided correspondence from the SEC indicating that Celadon Group, Inc was allegedly under investigation by the SEC.

Shares of Celadon Group, Inc. (NYSE:CGI) declined from as high as $27.24 per share in March 2015 to as low as $3.85 per share on April 19, 2017.

Those who purchased shares of Celadon Group, Inc. have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com