MGT Capital Investments, Inc. Investigated For Securities Fraud By Block & Leviton Following SEC Subpoena And Notification Of Non-Approval Of Share Listing

Dienstag, 20.09.2016 17:30 von

PR Newswire

BOSTON, Sept. 20, 2016 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether MGT Capital Investments, Inc. ("MGT" or the "Company") (NYSE MKT: MGT) violated federal securities laws following the Company's announcements that it had received a subpoena from the Securities and Exchange Commission ("SEC") and that the New York Stock Exchange ("NYSE") is refusing to list the shares required to close MGT's acquisition of D-Vassive Inc.

Shares in MGT have plunged more than 40% and continue to slide on the announcements that on September 19, 2016, MGT received a subpoena from the SEC "requesting certain information," and that, later the same day, MGT received a notification from the NYSE that "it will not approve the listing on the Exchange of the 43.8 million shares that the Company is required to issue in order to complete the closing of the D-Vassive merger." This news and the resultant stock drop has caused tens of millions in losses to investors.

If you purchased or otherwise acquired MGT securities prior to September 20, 2016 and have questions about your legal rights or possess information relevant to this investigation, please contact attorneys Steven Harte or Bradley Vettraino at (617) 398-5600, by email at steven@blockesq.com or bradley@blockesq.com, or visit www.blockesq.com/mgt.

Confidentiality to whistleblowers or others with information relevant to the lawsuit is assured.

Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.

This notice may constitute attorney advertising.

CONTACT:

Block & Leviton LLP
Steven P. Harte
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
(617) 398-5600
steven@blockesq.com
bradley@blockesq.com

 

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SOURCE Block & Leviton LLP