INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against MGT Capital Investments, Inc. & Encourages ...
September 23 2016 - 12:39PM
Business Wire
Goldberg Law PC (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
in advance of the November 21, 2016 lead
plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we advise
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The complaint alleges that during 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-Vasive merger. When this
information was released to the public, shares of MGT fell in
value, causing investors harm.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160923005679/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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