LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ominto, Inc. (“Ominto” or the “Company”) (Nasdaq: OMNT).
If you purchased or otherwise acquired shares of Ominto, and would like more information about the investigation, 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 without cost to you.
The investigation focuses on whether Ominto and certain of its officers and/or directors violated federal securities laws. On May 30, 2017, Seeking Alpha published an article stating that the Company entered into two highly questionable transactions, including the acquisition of a Danish entity. The article alleges that the transactions were intended to increase Ominto’s book value to help it attain a NASDAQ listing in March 2017, which triggered bonuses for the Company’s CEO. The article further states that one of the largest shareholders of the acquired Danish company is also a shareholder of Ominto, has been convicted of fraud, and is alleged to have engaged in insider trading. The article states that the shareholder’s affiliation with one of the acquired companies has not been disclosed by Ominto to the U.S. Securities & Exchange Commission. Following this news, the Company’s stock price dropped.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at firstname.lastname@example.org.
Goldberg Law PC represents investors around the world, specializing in securities class action lawsuits and shareholder rights litigation.
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