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Apr 26, 2017 11:45 PM ET

Archived: SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of a Class Action Against Citizens, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of May 15, 2017 — CIA

Legal Newswire iCrowdNewswire - Apr 26, 2017

NEW YORK — Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Western District of Texas on behalf of investors who purchased Citizens, Inc. (“Citizens” or the “Company”) (NYSE:CIA) securities between March 11, 2015 and March 8, 2017.

For more information, click here: http://www.zlk.com/pslra/citizens-inc?wire=3.

The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose that: (1) Citizens’ brokers and pitchbooks falsely claimed that most of the funds from its insurance policies were directly invested in U.S. Treasury Bond; (2) funds from Citizens’ insurance policies were funneled into continuous open market purchases that inflated Citizens’ stock price; and (3) as a result, defendants’ statements about Citizens’ business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you suffered a loss in Citizens you have until May 15, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/pslra/citizens-inc?wire=3

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C.  The firm’s 26 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
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor 
New York, NY 10004	
Tel: (212) 363-7500
Toll Free:  (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
Contact Information:

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com

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