Federman & Sherwood Investigates MGT Capital Investments, Inc. for Possible Violations of Federal Securities Laws
September 21 2016 - 5:24PM
Business Wire
The law firm of Federman & Sherwood has initiated an
investigation into MGT Capital Investments, Inc. (NYSE: MGT) with
respect to possible violations of federal securities laws.
MGT Capital Investments, Inc. (“MGT”), together with its
subsidiaries, acquires, develops and monetizes assets in the
online, mobile and casino gaming space and is headquartered in
Harrison, New York. Federman & Sherwood’s investigation focuses
on disclosures made by MGT and whether certain of its officers
and/or directors have violated Sections 10(b) and 20(a) of the
Securities Exchange Act of 1934.
On September 19, 2016, MGT announced that it had received a
subpoena from the Securities and Exchange Commission "requesting
certain information," and that, later the same day, MGT received a
notification from the New York Stock Exchange that "it will not
approve the listing on the Exchange of the 43.8 million shares that
the Company is required to issue in order to complete the closing
of the D-Vassive merger." On this news, MGT’s shares declined to
close at $1.89 per share.
If you purchased MGT securities and have information to assist
in our investigation, or have any questions or concerns regarding
this notice or preservation of your rights, please contact our
office. Federman & Sherwood has extensive nationwide experience
in representing investors in securities, derivative and
merger-related shareholder class actions, and has been appointed as
lead counsel in multiple complex cases.
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FEDERMAN & SHERWOODRobin Hester,
405-235-1560rkh@federmanlaw.com
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