Glancy Prongay & Murray LLP Commences Investigation on Behalf of MGT Capital Investments, Inc. Investors
September 20 2016 - 11:30AM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces an
investigation on behalf of MGT Capital Investments, Inc. (“MGT” or
the “Company”) (NYSE MKT:MGT) concerning the Company and its
officers’ possible violations of federal securities laws.
MGT purports to produce and sell a variety of cyber security
technologies, including protection for mobile and personal tech
devices. On September 19, 2016, the Company announced it had
received a subpoena from the Securities Exchange Commission, and
that the Company is fully complying with the SEC’s request.
On this news, MGT shares closed down over 22% per share on
September 19, 2016.
Then on September 20, 2016, the Company announced that the NYSE
would not approve the listing of 43.8 million shares. And, on this
news shares of MGT fell over 20% in intraday trading.
If you purchased MGT securities, have information or would like
to learn more about these claims, or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, Esquire, of GPM, 1925
Century Park East, Suite 2100, Los Angeles, California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160920006431/en/
Glancy Prongay & Murray LLP, Los Angeles/New YorkLesley
Portnoy, 310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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