NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Cogint, Inc. (“Cogint” or the “Company”) (NASDAQ:COGT)
The investigation focuses on whether the Company and its executives violated federal securities laws. According to an article from MarketWatch published on June 5, 2017, the company fell following a “negative report from a short seller alleging that a number of the data analysis company's insiders were under investigation for securities fraud.” The article mentions that short seller, Unemon Research, has claimed that several Cogint insiders, including Chairman Michael Brauser, are facing multiple investigations by the Securities and Exchange Commission (“SEC”) and the Department of Justice (“DOJ”) regarding potentially illegal stock promotions. On this news, the Company’s stock price has declined on heavy trading volume.
If you invested in Cogint stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/COGT There is no cost or obligation to you.
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