LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC (the “Firm”) announces a class action lawsuit has been filed against RiT Technologies Ltd. ("RiT" or the "Company") (Other OTC: RITT) concerning possible violations of federal securities laws between March 3, 2015 and July 1, 2016 (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm before the September 26, 2016 lead plaintiff motion deadline.
No class has been certified in the above action yet. 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.
The complaint alleges that during the Class Period, the Company made false and misleading statements and/or failed to disclose that: RiT CIS Ltd. was RiT Technologies’ major distributor in Russia and the Commonwealth of Independent States region; RiT CIS was essential to the viability of RiT Technologies; and as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. When this news was disclosed to the public, shares of RiT fell in value, 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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