LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of NexTech AR Solutions Corp. (“NexTech” or “the Company”) (OTC: NEXCF) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. NexTech is the subject of a Hindenburg Research report published on February 10, 2020, titled “NexTech AR: Relentless Stock Promotion, Sketchy Related Party Transactions and a Vaporware Product—Price Target: $0,” that alleges the Company has “virtually no credible business prospects and appears to be focused almost entirely on promoting its stock and insider self-dealing.” Based on this report, shares of NexTech fell by almost 22% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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