BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Longfin Corp. (“Longfin” or the “Company) (NASDAQ: LFIN) investors concerning the Company and its officers’ possible violations of federal securities laws.
On March 26, 2018, Citron Research reported that the Company was “a pure stock scheme” and “[f]ilings and press releases are riddled with inaccuracies and fraud.” Then, on March 27, 2018, Bloomberg reported that the Company was being removed from the Russell 2000 Index, less than two weeks after joining, as well as the Russell Global Index and the Russell Developed Index. On this news, shares of Longfin fell $24.60, or 41%, to close at $34.68, on March 27, 2018, thereby injuring investors.
If you purchased Longfin securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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