NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Longfin Corp. (“Longfin” or “the Company”) (NASDAQCM:LFIN) concerning possible violations of federal securities laws.
On March 26, 2018, Citron Research reported that the Company was “a pure stock scheme” and “filings 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. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.