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BALTIMORE — A second class action shareholder lawsuit has been filed against Omnicom in the wake of the company’s recent downward slide in share price.
The law offices of Charles J. Piven, P.A., filed the action in the United States District Court for the Southern District of New York against the company and certain of its senior officers. The suit alleges that Omnicom violated federal securities laws by “issuing a series of materially false and misleading statements to the market” which had the effect of “articifially inflating” Omnicom’s shares.
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