SAEX 5-DAY DEADLINE: Hagens Berman Reminds SAExploration Holdings (SAEX) Investors of October 17, 2019 Lead Plaintiff Deadline

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SAN FRANCISCO, Oct. 12, 2019 (GLOBE NEWSWIRE) -- Hagens Berman reminds investors in SAExploration Holdings, Inc. (NASDAQ: SAEX) of the upcoming deadline to move for lead plaintiff in a federal securities class action against the company and urges SAEX investors who have suffered losses in excess of $50,000 to contact the firm.

The Complaint alleges that Defendants misled investors by concealing violations of accounting rules that required them to consolidate a controlled entity’s financial statements with the Company’s.

On August 15, 2015, Defendants disclosed: (i) the existence of SEC and internal investigations into the Company’s financial reporting; (ii) the need for SAEX to restate all of its financial statements covering 2015 through 2018; (iii) CEO Jeffrey Hastings had been placed on administrative leave; and (iv) CFO and General Counsel Brent Whiteley had been fired.

Since the filing of the complaint, SAEX has defaulted on certain debt agreements arising from the pending financial restatements.


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Globe Newswire: 20:00 GMT Saturday 12th October 2019

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