Faruqi & Faruqi, LLP Announces Investigation of Magnum d’Or Resources, Inc.
August 04 2011 - 12:54PM
Business Wire
Faruqi & Faruqi, LLP, a national law firm concentrating on
investor rights, consumer rights and enforcement of federal
antitrust laws, is investigating potential wrongdoing at Magnum
d’Or Resources, Inc. (“Magnum” or the “Company”) (OTC: MDOR.PK).
Faruqi & Faruqi, LLP seeks to determine whether Magnum violated
the federal securities laws in connection with Magnum’s statements
to the Company’s shareholders.
Request more information now by clicking here:
www.faruqilaw.com/MDOR
The investigation focuses on whether certain individuals
violated federal securities laws by, among other things, failing to
disclose that: (1) the Company’s statements that it had $130
million in contracts for its products when in reality the contracts
were “no minimum” contracts that did not require the purchase of
any specific amounts; (2) the Company’s sale of unregistered
securities as part of a $7 million kickback scheme with purported
consultants to the Company; and (3) the SEC’s action against the
Company, its former CEO Joseph Glusic, and three purported
consultants involved in the kickback scheme.
Take Action
If you purchased Magnum securities between July 2, 2008 and
April 13, 2010, and you would like to discuss your legal rights,
visit www.faruqilaw.com/MDOR. You can also contact us by calling
Anthony Vozzolo toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to avozzolo@faruqilaw.com. Faruqi & Faruqi,
LLP also encourages anyone with information regarding Magnum’s
conduct during the period in question to contact the firm,
including whistleblowers, former employees, shareholders and
others.
About Faruqi & Faruqi, LLP
Faruqi & Faruqi, LLP is a boutique law firm, representing
investors, consumers and companies in the prosecution of claims
under state corporate and consumer laws and the federal securities
and antitrust laws. The firm is focused on providing exemplary
legal services in complex litigation. Founded in 1995, the firm
maintains its principal office in New York City, with offices in
Delaware, California, Florida and Pennsylvania. The lawyers at
Faruqi & Faruqi, LLP have demonstrated a clear commitment to
championing the rights of shareholders and consumers
nationwide.
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