NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of Longfin Corp. (NASDAQCM: LFIN) concerning possible violations of federal securities laws.
On March 26, 2018, Citron Research issued a report suggesting that the Company was “a pure stock scheme” and “filings and press releases are riddled with inaccuracies and fraud.” 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 suffered a loss in Longfin and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/LFIN-Info-Request-Form-287.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.