NEW YORK, April 18, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Alliance MMA, Inc. ("Alliance" or the "Company") (NASDAQ: AMMA) concerning whether the board has breached its fiduciary duties to shareholders.
On April 12, 2017, the Company filed with the Securities and Exchange Commission a Form 8-K disclosing that its previously issued financial statements for the three and six months ended June 30, 2016 should no longer be relied on.
On April 17, 2017, a securities fraud class action was filed in the U.S. District Court for the District of New Jersey (C.A. No. 1:17-cv-2583) against the Company and certain insiders in connection with allegedly misleading statements issued about its business.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Alliance shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP