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Eldorado Resorts, Inc.

Company NameEldorado Resorts, Inc.
Stock SymbolERI
Class PeriodMarch 01, 2019 to September 02, 2019
Lead Plaintiff Motion DeadlineNovember 22, 2019

On September 3, 2019, Eldorado revealed that CEO Tom Reeg, president and chief operating officer Anthony Carano, executive chairman Gary Carano, and director James Hawkins had received subpoenas in May pertaining to an ongoing investigation of the executives trading in an undisclosed company tied to James Hawkins.

On this news, Eldorado’s share price fell $3.09, or over 8%, to close at $35.42 on September 3, 2019, thereby injuring investors.

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