LOS ANGELES, April 26, 2017 /PRNewswire/ -- Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Alliance MMA, Inc. ("Alliance MMA" or the "Company") (Nasdaq: AMMA) concerning possible violations of federal securities laws pursuant and/or traceable to the Company's initial public offering ("IPO") on October 6, 2016. Investors who purchased or otherwise acquired shares on or about the IPO should contact the firm prior to the June 16, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at email@example.com.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, throughout the Class Period, Alliance MMA made false and/or misleading statements and/or failed to disclose: that the condensed consolidated financial statements for the three months ended June 30, 2016 could not be relied upon because of an error in recognizing as compensation transfers of common stock by an affiliate of the Company to individuals who were, at the time of transfer, or subsequently became, officers, directors or consultants of Alliance MMA; that the condensed consolidated financial statements for the six months ended June 30, 2016 could not be relied upon because of an error in recognizing as compensation transfers of common stock by an affiliate of Alliance MMA to individuals who were, at the time of transfer, or subsequently became, officers, directors or consultants of Alliance MMA; and that as a result of the above, Alliance MMA's statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When this news was released, shares of Alliance MMA declined in value significantly, which harmed investors according to the Complaint.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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SOURCE Lundin Law PC