Only Biozoom Class Action on Behalf of Investors Filed by the Peiffer Rosca Law Firm
June 13 2014 - 5:53AM
Business Wire
Releases Indicating That a Class Action Has Been Filed on Behalf
of Investors Refer to Existing Peiffer Rosca Case
The Peiffer Rosca law firm has filed the only noticed class
action on behalf of investors who have purchased the Biozoom common
stock (“BIZM”) between May 16, 2013 and June 25, 2013,
inclusive.
“Releases currently indicating that a class action has been
filed on behalf of Biozoom investors reference the existing Biozoom
case filed by the Peiffer Rosca law firm,” said attorney Alan
Rosca, one of the Peiffer Rosca lawyers representing Biozoom
investors.
The Peiffer Rosca lawyers have been investigating the Biozoom
alleged “pump-and-dump” scheme since July, 2013, have reviewed
investor files, and have assembled considerable evidence and legal
research for their case.
The Peiffer Rosca law firm maintains a website with updates
about the Biozoom lawsuit it filed, at www.biozoomclassaction.com.
Biozoom litigation – related documents may be accessed on that
website, which is regularly updated.
To learn more about the class action filed by the Peiffer Rosca
law firm on behalf of certain Biozoom investors, please email Alan
Rosca at arosca@praclawfirm.com or call the Peiffer Rosca law firm
toll-free at 888-998-0520.
The Biozoom lawsuit referenced in press releases and filed by
the Peiffer Rosca law firm is titled Corso v. KCG Americas LLC,
Case No. 1:14-cv-01087, N.D. Ohio (May 20, 2014).
Biozoom Lawsuit Filed by the Peiffer Rosca Law Firm: What Is
This Case About?
The Biozoom class action filed by the Peiffer Rosca law firm on
behalf of certain Biozoom investors seeks to hold KCG Americas
liable for alleged violations of certain provisions of the federal
Securities Act of 1933, in connection with sales of BIZM shares to
investors.
The Biozoom class action filed by the Peiffer Rosca law firm
alleged that, starting in January 2013, ten Argentinean nationals
deposited millions of unregistered Biozoom shares in accounts they
opened with two US brokerage firms, in preparation for a
pump-and-dump scheme, according to a case filed by the Securities
and Exchange Commission (“SEC”) against the alleged
perpetrators.
Starting on May 16, 2013, the Argentinean nationals started
selling the unregistered, fraudulent Biozoom shares into the
marketplace, according to the Biozoom class action complaint filed
by the Peiffer Rosca law firm. A week later, Biozoom began
publishing press releases claiming it had created the world’s first
handheld diagnosing device, which could instantly measure a number
of “biomarkers” of the human body, according to the Peiffer Rosca
Biozoom lawsuit. The press releases were published in the national
media. Advertisements were broadcasted on certain radio
stations.
At about the same time with the press releases, certain penny
stock promoters began distributing newsletters to investors,
touting the merits of Biozoom, the Peiffer Rosca class action
alleged.
Following the promotion campaign, the Biozoom price and trading
volume skyrocketed.
According to the Peiffer Rosca Biozoom class action, Plaintiff
and the other class members allegedly purchased fraudulent Biozoom
shares from Defendant KCG America on the OTC Bulletin Board.
On June 25, 2013, the Securities and Exchange Commission
suspended the Biozoom shares from trading. In early July, 2013, the
SEC filed a lawsuit against the alleged Biozoom pump-and-dump
perpetrators, charging them with fraud.
The Biozoom shares are now trading at approximately
$0.01/share.
About Peiffer Rosca Law Firm
The Peiffer, Rosca, Abdullah, Carr & Kane LLC law firm, with
offices in New Orleans, Cleveland, and New York state, represents
investors who lost savings due to investment-related fraud or
misconduct. The firm has helped investors across the country
recover money lost in fraudulent investment schemes, Ponzi schemes,
or because of misconduct by financial industry members.
This release may be deemed to include attorney advertising in
some jurisdictions under the applicable law and ethical rules.
Visit www.biozoomclassaction.com for important disclosures.
Peiffer Rosca Abdullah Carr & Kane, LLCAlan Rosca,
888-998-0520arosca@praclawfirm.com