NEW ORLEANS, Oct. 7, 2016 /PRNewswire/ -- Kahn Swick
& Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until November 21, 2016
to file lead plaintiff applications in a securities class action
lawsuit against MGT Capital Investments, Inc. (NYSE MKT: MGT), if
they purchased the Company's securities between May 9, 2016 and September
20, 2016, inclusive (the "Class Period"). This action
is pending in the United States District Court for the Southern
District of New York.
What You May Do
If you purchased shares of MGT and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost
to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to
serve as a lead plaintiff in this class action, you must petition
the Court by November 21,
2016.
About the Lawsuit
MGT and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
The alleged false and misleading statements and omissions
include, but are not limited to, that: (i) MGT was engaging
and/or had engaged in conduct that would result in an SEC
investigation; (ii) the SEC investigation and the underlying
conduct would cause the NYSE to refuse to list MGT's 43.8 million
shares required for the pending acquisitions of D-Vasive, Inc. and
Demonsaw LLC; (iii) as a result, the mergers would likely not be
completed.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a
law firm focused on securities, antitrust and consumer class
actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New
York, California and
Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC