LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Alliance MMA, Inc. (“Alliance MMA” or the “Company”) (Nasdaq: AMMA). Investors who purchased shares on or about the Company’s initial public offering (“IPO”) on October 6, 2016, are encouraged to contact the firm in advance of the June 16, 2017 lead plaintiff motion deadline.
If you purchased shares of Alliance MMA on or about the IPO and suffered a loss, click here to participate. In addition, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.goldberglawpc.com/, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that Alliance MMA violated federal securities laws by making statements about its business, operations, and prospects that were materially false and misleading and/or lacked a reasonable basis at all relevant times. On April 12, 2017, Alliance MMA disclosed that its financial statements for the three and six months ended June 30, 2016 should no longer be relied upon because of “an error in recognizing as compensation transfers of common stock by an affiliate of the Company to individuals who were at the time of transfer, or subsequently became, officers, directors or consultants of the Company.” The Company further stated that it plans to include revised financial information in its 10-K for the year ended December 31, 2016, for the nine months ended September 30, 2016, and for the three and six months ended June 30, 2016, and that Alliance MMA’s CFO has discussed the determination to restate the financial statements with the Company’s independent accounting firm. When this news was announced to the public, shares of Alliance MMA fell in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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