On September 19, 2016, pre-market, MGT announced that on September 15, 2016, it received a subpoena from the Securities and Exchange Commission ("SEC"). The Company stated that it does not believe it will be the subject of any enforcement proceedings and is fully cooperating with the SEC's requests. Then on September 20, 2016, MGT announced that the NYSE would not approve the listing of 43.8 million shares. Following this news, MGT stock has dropped as much as $0.31, or 9.51%, to $2.95 during intraday trading on September 19, 2016.
If you are aware of any facts relating to this investigation, or purchased shares of MGT, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/mgt. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email email@example.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
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