888-923-9223July 1, 2011, The Securities Law Firm of Menzer & Hill, P.A. www.suemyadvisor.com, announced today an investigation into the sales practices of Ladenburg Thalman Financial Services Inc., its subsidiaries: Investacorp Inc. and Triad Advisors, Inc. as well as Imperial Capital LLC.
The investigation relates to the disclosures made to investors related to the risks involved with investing in the IPO of FriendFinder Network, Inc., (NasdaqGM: FFN ) including the fact that the company has a debt level of approximately $450 million.
While the prospectus discloses aspects of the company’s financials, our investigation will reveal whether investors were advised of material risks by their financial advisors including the company’s disclosure that should certain adverse conditions come to pass that the company “may be unable to continue operating as a going concern.”
Since its IPO in May 2010, at $10.00 a share, the stock price has plummeted, dropping to approximately $4.00 a share or 60 percent.
Investors who purchased shares in FriendFinder Network, Inc. are urged to explore their legal rights and options. The attorneys at the Securities Law Firm of Menzer & Hill, P.A. are dedicated to pursuing claims on behalf of investors who have suffered investment losses.
For a free case evaluation or to discuss any other investment losses, please contact the Securities Law Firm of Menzer & Hill, P.A., at 888-923-9223, or visit us on the web at www.suemyadvisor.com