NEW YORK, Sept. 19, 2016 /PRNewswire/ -- Pomerantz LLP
is investigating claims on behalf of investors of MGT Capital
Investments, Inc. ("MGT" or the "Company") (NYSE: MGT) (ISIN:
US55302P2020). Investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com
or 888-476-6529, ext. 9980.
The investigation concerns whether MGT and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
[Click here to join a class action]
On September 19, 2016, pre-market,
MGT announced that on September 15,
2016, the Company received a subpoena from the Securities
and Exchange Commission ("SEC") requesting certain information from
the Company. MGT stated that it had no reason to believe that
the Company is or will be the subject of any enforcement
proceedings and was fully cooperating to comply with the SEC's
request.
On this news, MGT stock has fallen as much as $0.31, or 9.51%, to $2.95 during intraday trading on September 19, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los
Angeles, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz Firm pioneered the field of securities class actions.
Today, more than 80 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of class members. See
www.pomerantzlaw.com
CONTACT:
Robert S.
Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP