IRVINE, Calif., April 27, 2017 /PRNewswire-USNewswire/ -- Khang & Khang LLP (the "Firm") announces a class action lawsuit against Platinum Pari-Mutuel Holdings Inc. ("Platinum" or the "Company") (Other OTC: PPMH). Investors who purchased or otherwise acquired shares between July 12, 2016 and February 15, 2017, inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the May 2, 2017 lead plaintiff motion deadline.
If you purchased shares of Platinum during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the Complaint, during the Class Period, Platinum issued materially false and/or misleading statements and/or failed to disclose that: Platinum's press releases and financial information lacked veracity; that the Company's disclosure controls and procedures were inadequate; and that as a result of the above, Platinum's public statements were materially false and misleading at all relevant times. On February 16, 2017, the Securities and Exchange Commission prevented Platinum from trading due to questions regarding the accuracy of its press releases and the financial information Platinum offered the public. The SEC clarified that these questions concern the valuation of recent corporate acquisitions and forecasts for future revenues. When this information was released, Platinum's stock price fell materially, which harmed investors according to the Complaint.
If you wish to learn more about this lawsuit, or if you have questions about this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at email@example.com.
This press release may constitute Attorney Advertising in certain jurisdictions.
Joon M. Khang, Esq.
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SOURCE Khang & Khang LLP