Company Website:
http://www.faruqilaw.com/AMMA
NEW YORK -- (Business Wire)
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds
investors in Alliance MMA, Inc. (“Alliance” or the “Company”)
(NASDAQ:AMMA) of the June 16, 2017 deadline to seek the role of lead
plaintiff in a federal securities class action lawsuit filed against the
Company and certain officers.
The lawsuit has been filed in the U.S. District Court for the District
of New Jersey on behalf of all those who purchased Alliance securities
pursuant to the Company’s initial public offering on or about October 6,
2016 (the “IPO”). The case, Shapiro v. Alliance MMA, Inc. et al, No.
1:17-cv-02583 was filed on April 17, 2017.
The lawsuit focuses on whether the Company and its executives violated
federal securities laws by making false and/or misleading statements
and/or failing to disclose that: (1) the financial statements for the
three and six months ended June 30, 2016 could not be relied upon
because of an error in recognizing as compensation transfers of common
stock by an affiliate of Alliance to individuals who were at the time of
transfer, or subsequently became, officers, directors or consultants of
the Company; and (2) as a result, the Company’s statements about its
business, operations, and prospects were materially false and misleading
and/or lacked a reasonable basis.
Specifically, after market on April 12, 2017, Alliance filed a Form 8-K
with the Securities and Exchange Commission revealing its previously
issued financial statements for the three and six months ended June 30,
2016 should no longer be relied upon.
Since the Company’s IPO, Alliance’s share price has significantly
declined, causing harm to investors.
Request more information now by clicking here: www.faruqilaw.com/AMMA.
There is no cost or obligation to you.
Take Action
You can also contact us by calling Richard Gonnello toll free at
877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.
Faruqi & Faruqi, LLP also encourages anyone with information regarding
Alliance’s conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.
The court-appointed lead plaintiff is the investor with the largest
financial interest in the relief sought by the class that is adequate
and typical of class members who directs and oversees the litigation on
behalf of the putative class. Any member of the putative class may move
the Court to serve as lead plaintiff through counsel of their choice, or
may choose to do nothing and remain an absent class member. Your ability
to share in any recovery is not affected by the decision of whether or
not to serve as a lead plaintiff.
Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We welcome the opportunity to discuss your
particular case. All communications will be treated in a confidential
manner.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170428006032/en/
Contacts:
Faruqi & Faruqi, LLP
Richard Gonnello, 877-247-4292 or
212-983-9330
rgonnello@faruqilaw.com
Source: Faruqi & Faruqi, LLP
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