Business
CORRECTION: Global Tech Industries Group, Inc. Files Lawsuit Against Canaccord Genuity, LLC and others in Connection with Trading Activities in the Company’s Shares
CORRECTION: Global Tech Industries Group, Inc. Files Lawsuit Against Canaccord Genuity, LLC and others in Connection with Trading Activities in the Company’s Shares.
About this update from Global Tech Industries Group, Inc.
[{"type":"text","content":"\n New York, NY, March 14, 2023 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that it has filed a lawsuit against Canaccord Genuity LLC, Credit Suisse Securities, (USA) LLC, Instinet LLC, Lime Trading Corporation and GTS, LLC in the United States District Court in the Southern District of New York. The complaint alleges various causes of action related to the spoofing of GTII’s shares, which resulted in a significant number of shares being sold at artificially depressed prices attributable to this illegal behavior.The Company is represented in the action by the Christian Levine Law Group and Warshaw Burstein, LLP, both of which have extensive expertise in stock fraud litigation. David Reichman, CEO of the Company, stated “This action is another step in GTII’s efforts to protect the Company and its shareholders from continued market manipulation.” Wes Christian, managing partner of the Christian Levine Law Group, stated “This case is yet another example of what we believe is illegal market manipulation by these defendants.” About Global Tech Industries Group, Inc.: GTII is a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies. Visit GTII here https://gtii-us.com/. Please follow our Company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.com/ Safe Harbor Forward-Looking Statements:This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed fr...