SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Penn National Gaming Inc. - PENN
NEW YORK, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Penn National Gaming Inc. (“Penn National” or the “Company”) (NASDAQ: PENN). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 7980.
The investigation concerns whether Penn National and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On November 4, 2021, Penn National disclosed its financial results for the third quarter of 2021. Among other items, Penn National reported net income of $86.1 million, or $0.52 per share, down significantly from $141.9 million, or $0.93 per share, for the same period in the prior year. Separately, on November 4, 2021, Business Insider published an article reporting several allegations of sexual misconduct against David Portnoy, founder of Penn National’s partially owned affiliate Barstool Sports.
Following these disclosures, Penn National’s stock price fell $15.33 per share, or 21.08%, to close at $57.40 per share on November 4, 2021.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
888-476-6529 ext. 7980