LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Platinum Pari-Mutuel Holdings Inc. (“PPMH” or the “Company”) (OTC: PPMH). Investors who purchased or otherwise acquired PPMH shares between July 12, 2016, and February 15, 2017, inclusive (the “Class Period”), are encouraged to contact the firm in advance of the May 2, 2017 lead plaintiff deadline.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
On February 16, 2017, the Securities and Exchange Commission (the SEC) barred Platinum Pari-Mutuel securities from trading when questions arose concerning the accuracy of Platinum’s press releases and the financial information Platinum offered the public. The SEC noted that these questions concern the valuation of recent corporate acquisitions and forecasts for future revenues. When this news was released to the public, the value of PPMH stock dropped, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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