MGT LOSS ALERT: Rosen Law Firm Reminds MGT Capital Investments, Inc. Investors of Important Deadline in Class Action
October 11 2016 - 12:22PM
Business Wire
Rosen Law Firm, a global investor rights law firm, remind
purchasers of MGT Capital Investments, Inc. securities (NYSE: MGT)
from May 9, 2016 through September 20, 2016, both dates inclusive
(the “Class Period”) of the important November 21, 2016 lead
plaintiff deadline in the class action. The lawsuit seeks to
recover damages for MGT investors under the federal securities
laws.
To join the MGT class action, go to the firm’s website at
http://rosenlegal.com/cases-956.html or call Phillip Kim, Esq. or
Kevin Chan, Esq. toll free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for more information on
the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants
issued false and misleading statements to investors and/or failed
to disclose that: (1) MGT was engaging and/or had engaged in
conduct that would result in an SEC investigation; (2) the SEC
investigation and the underlying conduct would cause the NYSE to
refuse to list MGT’s 43.8 million shares required for the D-Vasive
merger; (3) as such, the D-Vasive merger would likely not be
completed; and (4) as a result, defendants’ statements about MGT’s
business, operations, and prospects were false and misleading
and/or lacked a reasonable basis. When the true details entered the
market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than
November 21, 2016. A lead plaintiff is a representative party
acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to the firm’s
website at http://rosenlegal.com/cases-956.html for more
information. You may also contact Phillip Kim, Esq. or Kevin Chan,
Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at
pkim@rosenlegal.com or kchan@rosenlegal.com. Attorney Advertising.
Prior results do not guarantee a similar outcome.
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Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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version on businesswire.com: http://www.businesswire.com/news/home/20161011006390/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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