Levi & Korsinsky announces the commencement of a class action lawsuit in the USDC for the Southern District of Florida on behalf of shareholders of DS Healthcare Group, Inc. (NASDAQ: DSKX) who purchased shares between May 15, 2014 and April 3, 2016.
On March 23, 2016, DS Healthcare revealed that its financial statements for the two fiscal quarters ended June 30, 2015 and September 30, 2015 were found to have revenue recognition errors and improper recording of certain equity. The Company also announced that the Audit Committee and independent counsel had initiated an investigation in connection with the company’s President, Daniel Khesin, and that Mr. Khesin had been dismissed. Then on April 3, 2016, the Company announced Khesin had “engaged in totally inappropriate conduct, including an illegal campaign of self-help, additional violations of the federal securities laws, as well as intimidation and defamation against Board members, management and outside professionals” prior–and subsequent–to his dismissal.
If you suffered a loss in DS Healthcare you have until May 31, 2016 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.
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