Business
EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against MGT Capital Investments, Inc. – MGTI
EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against MGT Capital Investments, Inc. – MGTI.
About this update from Mgt Capital Investments, Inc.
[{"type":"text","content":"\n \n Rosen Law Firm, a global investor rights law firm, announces it has \n filed a class action lawsuit on behalf of purchasers of the securities \n of MGT Capital Investments, Inc. (OTC: MGTI) from October 9, 2015 \n through September 7, 2018, inclusive (the “Class Period”). The lawsuit \n seeks to recover damages for MGT Capital investors under the federal \n securities laws.\n \n \n To join the MGT Capital class action, go to https://www.rosenlegal.com/cases-956.html \n or call Phillip Kim, Esq. or Zachary Halper, Esq. toll-free at \n 866-767-3653 or email [email protected] \n or [email protected] \n for information on the class action.\n \n \n NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS \n CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU \n MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS \n MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN \n ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD \n PLAINTIFF.\n \n \n According to the lawsuit, defendants made false and/or misleading \n statements and/or failed to disclose that: (1) defendants were engaged \n in a pump-and-dump scheme to artificially inflate MGT Capital’s stock \n price; (2) this illicit scheme caused MGT Capital to make false and \n misleading statements, which would result in governmental scrutiny, \n including from the SEC; (3) certain of the scheme defendants exercised \n control over MGT Capital and its management; (4) consequently, the \n illicit scheme would ultimately cause MGT Capital’s stock to become \n delisted from NYSE MKT; and (5) as a result, defendants’ statements \n about MGT Capital’s business and prospects were materially false and \n misleading and/or lacked a reasonable basis at all relevant times. When \n the true details entered the market, the lawsuit claims that investors \n suffered damages.\n \n \n A class action lawsuit has already been filed. If you wish to serve as \n lead plaintiff, you must move the Court no later than November 27, 2018. \n A lead plaintiff is a representative party acting on behalf of other \n class members in directing the litigation. If you wish to join the \n litigation, go to https://www.rosenlegal.com/cases-956.html \n or to discuss your rights or i...