ATLANTA, GA--(Marketwire - Dec 6, 2012) - A class action lawsuit has been filed on behalf of investors who purchased securities of Chanticleer Holdings, Inc. ("Chanticleer" or the "Company") (NASDAQ: HOTR) following the Company's June 21, 2012 secondary public offering. The lawsuit, which was filed in the United States District Court for the Southern District of Florida, alleges that between June 21, 2012 and September 10, 2012 Chanticleer issued false and misleading public statements that caused its common stock and Units to trade at artificially inflated prices. Specifically, the complaint alleges Chanticleer falsely told investors during that time that its South African operations had been audited. On September 10, 2012, the Company disclosed that, in fact, the audits had not been performed and trading of its stock was halted on the news.
If you purchased Chanticleer common stock or units pursuant or traceable to the Company's June 21, 2012 secondary offering, or between June 21, 2012 and September 10, 2012, and suffered a net loss on those purchases you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than December 12, 2012. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Investors who are interested in serving as lead plaintiff or who have questions concerning their legal rights may contact Michael I. Fistel, Jr., Esq. (email@example.com) or Marshall P. Dees, Esq. (firstname.lastname@example.org) by email or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.