Attorney Christopher Gray has filed a class action lawsuit on behalf of all persons who purchased the securities of Sea Containers, Ltd. (NYSE:SCR-A) from March 15, 2004 through March 24, 2006 (the "Class Period"). The complaint alleges that during the Class Period, the company caused the share price of Sea Containers stock to be artificially inflated by financial misrepresentation to the public. The class action lawsuit aims to recover investors’ losses, which resulted from the company’s announcement that it would need to take a write-down of assets to the tune of $ 500 million, leading to a drop in stock prices of 38% in a single day.
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