cmcm lawsuit, cmcm class action, cheetah mobile lawsuit, cheetah mobile class action

Class Action News

Levi & Korsinsky Announces MGT Capital Class Action, MGTI Lawsuit

Levi & Korsinsky

October 23, 2018

NEW YORK, October 23, 2018 – Levi & Korsinsky, LLP announces a class action on behalf of investors who purchased or otherwise acquired securities of MGT Capital Investments Inc. (“MGT Capital”) (OTCMKTS: MGTI) between October 9, 2015 and September 7, 2018. You are hereby notified that the MGT Capital class action lawsuit has been commenced in the United States District Court for the District of New Jersey. To get more information about the MGTI class action go to: https://www.zlk.com/pslra-1/mgt-capital-investments-inc-loss-form or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The MGTI lawsuit alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) defendants were engaged in a pump-and-dump scheme to artificially inflate MGT Capital’s stock price; (2) this illicit scheme caused MGT Capital to make false and misleading statements, which would result in governmental scrutiny, including from the SEC; (3) certain of the defendants exercised control over MGT Capital and its management; (4) consequently, the illicit scheme would ultimately cause MGT Capital’s stock to become delisted from NYSE MKT; and (5) as a result, defendants’ statements about MGT Capital’s business and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you suffered a loss in MGT Capital you have until November 27, 2018 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.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com