THE ROSENFARB LAW FIRM FILES CLASS ACTION LAWSUIT AGAINST AOL
On May 3, 2012 the Rosenfarb Law Firm filed a class action law suit in the Unites States District Court for the Southern District of New York on behalf of sellers of AOL, Inc. (“AOL” or the “Company”) (NYSE:AOL) common stock between August 11, 2011 and April 9, 2012 (the “Class Period”). Anyone who sold shares of AOL stock during the Class Period may be entitled to recover damages.
On April 9, 2012 when AOL announced the sale of a portion of its patent portfolio for more than $1 billion, the price of AOL common stock subsequently soared from approximately $18 to $26 per share. The lawsuit alleges that AOL bought several million shares of common stock for itself while misleading investors about its financial condition, thereby artficially reducing the price that AOL paid.
Prospective participants who want to join this lawsuit please click here to submit the necessary information online or you may call Ronald Rosenfarb at (855) 415-5455 and tell him about your claim.