INVESTIGATION ALERT REMINDER: The Schall Law Firm Announces it is Investigating Claims Against 22nd Century Group, Inc. & Enc...
October 26 2018 - 12:48PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of 22nd Century Group, Inc. (“22nd Century Group” or “the
Company”) (NYSE: XXII) for violations of §§10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. Seeking Alpha reported in an article
published on October 25, 2018, that 22nd Century Group may be the
subject of an active SEC investigation for allegedly engaging in a
pump and dump scheme. According to Seeking Alpha, a March 2018
investigation exposed that “fake authors” wrote stories endorsing
the Company and its prospects. The article states that the Company
“has still not explained who authorized or funded the positive
articles” or “provided any reasoning for who else could be
responsible for these tactics of having fake authors write positive
articles.” Based on this news, shares of 22nd Century Group fell
sharply in intraday trading the same day.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.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 Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181026005463/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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