Concorde International Investors Face May 18 Deadline in Securities Class Action
Complaints allege a social-media scheme inflated CIGL's price.
Overview
- Investors who bought CIGL between April 21 and July 14, 2025 must ask the court by May 18, 2026 if they want to serve as lead plaintiff.
- No class has been certified yet, so investors are not represented by counsel unless they hire one.
- Multiple firms, including Rosen, Schall, Berger Montague, Robbins, DJS, and Bronstein, have filed or announced cases and are recruiting clients on a contingency basis.
- The suits say a coordinated pump-and-dump used fake financial advisor personas on social media and sales by insiders or affiliates through offshore or nominee accounts.
- CIGL ran from a $4 IPO price to $31.06, then dropped about 80% to $5.66 on July 10, 2025, and later traded near $2 per share.