Levi & Korsinsky announces the commencement of a class action lawsuit in the United States District Court for the Southern District of New York on behalf of shareholders of 6D Global Technologies, Inc. (NASDAQCM: SIXD) who purchased shares between November 3, 2010 and September 10, 2015.
The Complaint alleges that Defendants issued materially false and misleading statements to investors and/or failed to disclose that: (1) the Company had deficient internal controls, (2) the lack of internal controls allowed Defendant Benjamin Wey to exert influence and control over the Company, (3) the Company was engaged in improper and undisclosed material related party transactions, and (4) Defendants were engaged in a scheme to manipulate the Company’s stock price. On September 10, 2015, the SEC filed a civil action against New York Global Group, CEO Benjamin Wey, and certain other defendants for their roles in an alleged fraudulent scheme to obtain and profit from undisclosed, controlling ownership interests in several U.S. companies, including 6D Global Technologies. If you suffered a loss in 6D Global Technologies you have until December 14, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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