Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Alliance MMA, Inc. To Contact The Firm
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, the share price of Alliance have significantly declined, causing harm to investors.
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 firstname.lastname@example.org.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Alliance’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.
* The submission of this form does not create an attorney-client relationship.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.