PEIFFER ROSCA ABDULLAH CARR & KANE LLC Files Class Action Lawsuit on Behalf of Biozoom Investors
May 22 2014 - 7:58PM
Business Wire
PEIFFER ROSCA ABDULLAH CARR & KANE LLC has filed a class
action lawsuit in the United States District Court for the Northern
District of Ohio on behalf of persons or entities who purchased the
common stock of Biozoom, Inc. from market maker KCG Americas, LLC
between May 16, 2013 and June 25, 2013, inclusive (the
“Class”).
Please contact Peiffer Rosca Abdullah Carr & Kane LLC
(“Peiffer Rosca Law Firm”) at 888-998-0520 or by email at
arosca@praclawfirm.com to discuss this matter.
Biozoom was previously known as Entertainment Art, Inc.
According to an ongoing action by the SEC, between January 2013
through June 2013, certain Argentinean nationals opened brokerage
accounts at two U.S. brokerage firms and deposited millions of
shares of unregistered Entertainment Arts stock into those
accounts. On March 12, 2013, Entertainment Art announced a dramatic
change in business operations from a company that developed
fashionable leather bags to a company that was involved in the
biomedical industry. On April 1, 2013, Entertainment Art changed
its name to Biozoom and listed itself on the OTC Bulletin
Board.
Beginning on May 23, 2013, Biozoom began issuing a series of
press releases claiming it created the world’s first portable,
handheld consumer device to instantly measure certain “biomarkers”
such as anti-oxidant levels, vitamin absorption and stress levels.
Those claims were also made by certain stock promoters. Following
the press releases and stock promotion Biozoom’s stock price and
volume rose dramatically. Between May 16, 2013 and June 19, 2013,
the Argentinean nationals allegedly sold millions of unregistered
shares of Biozoom for large profits. On June 25, 2013, the SEC
issued a ten day trading suspension in Biozoom stock. Thereafter,
the price of Biozoom shares fell dramatically. Plaintiff and the
Class purchased their shares of Biozoom on the OTCBB from defendant
KCG Americas. They asserted claims under Section 12(a)(1) of the
Securities Act of 1933 against the defendant in connection with the
sales of the Biozoom shares.
If you are a member of the Class described above, you may move
the Court no later than 60 days from the date of this notice to
serve as lead plaintiff in the class action lawsuit. If you wish to
learn more about this action, or have any questions about this
announcement or your rights or interests with respect to this
matter, please contact Alan Rosca or Joe Peiffer at the Peiffer
Rosca Law Firm, at 888-998-0520 or arosca@praclawfirm.com.
Case: Corso v. KCG Americas LLC, 14-cv-01087, U.S. Dist. Ct.
N.D. Ohio (May, 2014)
About Peiffer Rosca Abdullah Carr & Kane LLC
Peiffer Rosca Abdullah Carr & Kane LLC prosecutes securities
fraud and represents investors in securities litigation and FINRA
arbitrations throughout the U.S. To learn more about the Peiffer
Rosca Law Firm, please visit our website at Investment fraud
lawyers (www.securitieslitigators.com).
Peiffer Rosca Abdullah Carr & Kane LLCAlan Rosca,
888-998-0520arosca@praclawfirm.com