NEW YORK, Sept. 19, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of MGT Capital Investments, Inc. ("MGT" or the "Company") (NYSE: MGT) (ISIN: US55302P2020). Investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether MGT and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On September 19, 2016, pre-market, MGT announced that on September 15, 2016, the Company received a subpoena from the Securities and Exchange Commission ("SEC") requesting certain information from the Company. MGT stated that it had no reason to believe that the Company is or will be the subject of any enforcement proceedings and was fully cooperating to comply with the SEC's request.
On this news, MGT stock has fallen as much as $0.31, or 9.51%, to $2.95 during intraday trading on September 19, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP