DJSP Enterprises, Inc under investor investigation. Investigation on behalf of investors in DJSP Enterprises, Inc (NASDAQ:DJSP) over possible securities laws violations – Contact the Shareholders Foundation, Inc firstname.lastname@example.org
FOR IMMEDIATE RELEASE; PRLog (Press Release) – Jun 01, 2010 – An investigation on behalf of investors in DJSP Enterprises, Inc (NASDAQ:DJSP) securities over possible violations of Federal Securities Laws by DJSP Enterprises was announced.
If you are an investor in DJSP Enterprises, Inc (NASDAQ:DJSP) securities, you have certain options and you should contact the Shareholders Foundation, Inc by email at email@example.com or call +1 (858) 779 - 1554.
DJSP Enterprises, Inc., located in Plantation, Florida, through its subsidiary, DAL Group, LLC, engages in providing non-legal services supporting residential real estate foreclosure, other related legal actions, and lender owned real estate services in the United States linked to the David J. Stern Law office .
Maybe if David J. Stern, who runs DJSP Enterprises Inc, gave up some of his 13 or so Exotic Luxury cars or the Custom Built Yacht or maybe if he down sized a bit from his $16 Million Dollar water front home in Fort Lauderdale Fl, DJSP Enterprises Inc might not be heading for the tank.
See also Sunday, May 23, 2010 DJSP Enterprises aka Law Offices of David J. Stern Major Share Holders Links to SBA Fraud.
DJSP Enterprises, Inc reported in 2009 Total Revenue of $260.269 million with a Net Income of $44.56 million. According to the investigation by a law firm the investigation on behalf of investors in DJSP stock focuses on the following events.
On May 28, 2010, DJSP Enterprises declined by $2.59, or 29.2%, to $6.28 after DJSP Enterprises posted weaker-than-expected first-quarter results and warned investors of a full-year earnings shortfall. DJSP Enterprises said it had a first-quarter adjusted profit of 35 cents a share, which was a nickel below the Thomson Reuters average estimate.
Volume topped 3.13 million shares, compared to the 50-day average daily volume of 190,000, so the investigation. Shares of DJSP Enterprises, Inc (DJSP) traded recently at $5.08 per share, down from its 52 week High of $13.65 per share.
This Statement, Statement of Beneficial Ownership, is being filed by David J. Stern, the Law Offices of David J. Stern, P.A.; Filed 01/25/10, The following persons (the “ Principals ”) are parties to the Voting Agreement and beneficially own, in the aggregate, the 4,151,666, Ordinary Shares reported in this Statement of DJSP Enterprises;
1). Kerry Propper (302,907 Ordinary Shares and 377,968 Ordinary Shares underlying the warrants).
2). Dr. Richard D. Propper (186,528 Ordinary Shares and 400,000 Ordinary Shares underlying the warrants).
Name of Beneficial Owners DJSP Enterprises;
David J. Stern 4,151,666 (3) 33.15 % .
Kumar Gursahaney 0 0
Jua V. Ruiz 0 0
Matthew S. Kayton 0 0
Mark P. Harmon 0 0
Nicholas H. Adler 0 0
Jerry Hutter 0 0
All Directors and Officers as a Group (David J. Stern) 4,151,666 (3) 33.15 %
Kerry Propper (4) 4,151,666 (3) 33.15 %
Royale Holdings(5) 4,151,666 (3) 33.15 %
Craig Samuels (6) 1,068,600 9.6 %
South Ferry #2, LP (7) 657,143 6.16 %
U.S. sues to regain fraud loss for SBA: $32 million allegedly was funneled to private firms; Article date:December 30, 2006. The U.S. Justice Department filed a civil lawsuit in Philadelphia yesterday against imprisoned Princeton financier John B. Torkelsen, California businessman Richard D. Propper, and Connecticut lawyer Daniel P. Beharry for allegedly defrauding the Small Business Administration of $32 million. The former Main Street Bank in Philadelphia, predecessor to Sovereign Bank, also was named as a defendant.
THE U.S. SMALL BUSINESS ADMINISTRATION : CIVIL ACTION 2008; Summary judgment against Defendants Richard D. Propper, Kerry S. Propper, P. Timothy Garton, Michael D. Chermak, Charles R. Smith, and Kenneth M. Borrow (collectively, “Individual Defendants”) and Acorn Connecticut Investments, L.P. (“ACI”) (collectively, “Defendants”).
(1) Judgment in favor of Plaintiff and against Defendant Acorn Connecticut Investments, L.P. in the amount of $1,161,333.33, plus accrued interest at $183.56/day after July 15, 2008;
(2) Judgment in favor of Plaintiff and against Defendant Richard D. Propper in the amount of $222,443.87, plus accrued interest at $35.16/day after July 15, 2008;
(3) Judgment in favor of Plaintiff and against Defendant Kerry S. Propper in the amount of $43,333.33, plus accrued interest at $6.85/day after July 15, 2008.
Bill Warner Private Investigator, SEX, CRIME, CHEATERS & TERRORISM