Glancy Prongay & Murray LLP (GPM) announces an investigation on behalf of MGT Capital Investments, Inc. (MGT or the Company) (OTC: MGTI) investors concerning the Company and its officers possible violations of federal securities laws.
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On September 7, 2018, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against MGT and certain defendants, alleging that defendants were participants in highly profitable ˜pump-and-dump schemes…from 2013 through 2018 in the stock of three public companies, including MGT. The SEC complaint further alleges that the schemes enrich[ed] Defendants by millions of dollars, [and] left retail investors holding virtually worthless shares. On this news, shares of MGT fell $0.195, or over 33%, to close at $0.395 per share on September 10, 2018, thereby damaging investors.
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If you purchased MGT securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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