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LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In MGT Capital Investments To Contact The Firm
LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In MGT Capital Investments To Contact The Firm.
About this update from Mgt Capital Investments, Inc.
[{"type":"text","content":"\n \n Faruqi & Faruqi, LLP, a leading national securities law firm, reminds \n investors in MGT Capital Investment (“MGT” or the “Company”) (Other \n OTC:MGTI) of the November 27, 2018 deadline to seek the role of lead \n plaintiff in a federal securities class action that has been filed \n against the Company.\n \n \n If you invested in MGT stock or options between October 9, 2015 and \n September 7, 2018 and would like to discuss your legal rights, click \n here: www.faruqilaw.com/MGTI. \n There is no cost or obligation to you.\n \n \n You can also contact us by calling Richard Gonnello toll free at \n 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected].\n \n \n CONTACT:FARUQI & FARUQI, LLP685 Third Avenue, 26th \n FloorNew York, NY 10017Attn: Richard Gonnello, [email protected]: \n (877) 247-4292 or (212) 983-9330\n \n \n The lawsuit has been filed in the U.S. District Court for the District \n of New Jersey on behalf of all those who purchased MGT securities \n between October 9, 2015 and September 7, 2018 (the “Class Period”). The \n case, Klingberg v. MGT Capital Investments, Inc. et al., No. \n 18-cv-14380 was filed on September 28, 2018 and has been \n assigned to Judge William H. Walls.\n \n \n The lawsuit focuses on whether the Company and its executives violated \n federal securities laws by failing to disclose that: (1) the Company’s \n executives were engaged in a pump-and-dump scheme to artificially \n inflate MGT Capital’s stock price; (2) this illicit scheme caused MGT \n Capital to make false and misleading statements, which would result in \n governmental scrutiny, including from the Securities and Exchange \n Commission (“SEC”); (3) certain Scheme Defendants exercised control over \n MGT Capital and its management; (4) consequently, the illicit scheme \n would ultimately cause MGT Capital’s stock to become delisted from NYSE \n MKT; and (5) as a result, Defendants’ statements about MGT Capital’s \n business and prospects were materially false and misleading and/or \n lacked a reasonable basis at all relevant times.\n \n \n Specifically, on September 19, 2016, pre-market, MGT Capital issued a \n press release announcing that on September 15, 2016, MGT Capital had \n receiv...