IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces the Filing of a Securities Class Action Lawsuit against MGT Capital Inv...
September 22 2016 - 8:26PM
Business Wire
Khang & Khang LLP (the “Firm”) announces that a class action
lawsuit has been filed against MGT Capital Investments, Inc. (“MGT”
or the “Company”) (NYSE: MGT). Investors who purchased or otherwise
acquired shares between May 9, 2016 and September 20, 2016
inclusive (the “Class Period”), are encouraged to contact the Firm
prior to the November 21, 2016 lead plaintiff motion
deadline.
If you purchased shares of MGT during the Class Period, please
contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von
Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949)
419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case. Until
certification occurs, you are not represented by an attorney. You
may choose to take no action and remain a passive class member.
According to the complaint, throughout the Class Period MGT made
false and/or misleading statements and/or failed to disclose the
risk that its stock to be issued in connection with the
acquisitions of D-Vasive and Demonsaw may not be listed by the New
York Stock Exchange (“NYSE”); and that MGT was under inquiry by the
U.S. Securities and Exchange Commission (“SEC”) prior to September
19, 2016. On September 19, 2016, the Company announced that it
received a subpoena from the SEC requesting information, and that
it received a notification from the NYSE that the exchange would
not approve the listing of the 43.8 million shares that MGT is
required to issue in order to complete the D-Vassive merger. When
this news was announced, shares of MGT dropped in value, causing
investors harm.
If you wish to learn more about this lawsuit, or if
you have any questions concerning this notice or your rights,
please contact Joon M. Khang, a prominent litigator for almost two
decades, by telephone: (949) 419-3834, or by e-mail at
joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20160922006402/en/
Khang & Khang LLPJoon M. Khang, Esq.Telephone:
949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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