Class Actions Announced for MGX, POWW, and FNA Investors

Important Information for Investors in MGX, POWW, and FNA

Investors should be aware of the recently filed class action lawsuits regarding shares in Metagenomi, Inc. (NASDAQ: MGX), AMMO, Inc. (NASDAQ: POWW), and Paragon 28, Inc. (NYSE: FNA). The Law Offices of Frank R. Cruz are representing those affected by potential violations of securities laws.

Details of the Class Actions

The class actions are initiated to address losses incurred by shareholders who may have been misled due to misleading statements made by company executives. Each case has a lead plaintiff deadline approaching, which is crucial for investors to note.

Metagenomi, Inc. (NASDAQ: MGX)

The class period for Metagenomi spans from February 6, 2024, to September 26, 2024, with a lead plaintiff deadline set for November 25, 2024. Allegations against the management include failing to disclose significant adverse information regarding their collaboration with Moderna. Investors were reportedly led to believe that this partnership would continue positively, when in fact, it was set to terminate shortly.

AMMO, Inc. (NASDAQ: POWW)

For AMMO, Inc., the class period runs from August 19, 2020, to September 24, 2024, and shareholders have until November 29, 2024, to file a lead plaintiff motion. This lawsuit identifies several issues involving inadequate internal controls over financial reporting and misclassifications of expenses related to executive compensation. Such failures potentially resulted in misleading information being provided to shareholders, thereby impacting their investment decisions.

Paragon 28, Inc. (NYSE: FNA)

The allegations for Paragon span from May 5, 2023, to August 8, 2024, also with a filing deadline of November 29, 2024. This action centers on claims that Paragon 28’s financial reports contained inaccuracies and that their internal control measures were insufficient, leading to a misrepresentation of their operational status. Defendants in this class action are accused of failing to provide a clear picture of the company's financial health to investors, hence misleading them during the investment process.

How to Participate

Investors who have experienced losses as a result of these alleged misrepresentations are urged to reach out to The Law Offices of Frank R. Cruz for guidance. All communications regarding these actions can be addressed by phone at 310-914-5007 or through their office email. Participation in these class actions does not require immediate action; affected shareholders may choose to remain passive members while retaining their rights.

Staying Informed

To stay updated on developments related to these cases, interested parties can follow updates from The Law Offices of Frank R. Cruz. Engaging in these proceedings is important to ensure investor rights are protected as companies navigate these allegations.

Frequently Asked Questions

What is a class action lawsuit?

A class action lawsuit is a legal action filed on behalf of a group of individuals who share common legal claims against a defendant, often related to misleading business practices.

How do I know if I qualify to participate?

Typically, shareholders who purchased stock during the specified class period are eligible. It is best to consult with legal counsel to confirm eligibility.

What should I do if I want to participate?

If you are interested in participating in any of the class actions, contacting The Law Offices of Frank R. Cruz is a proactive first step.

Is there a cost to join a class action?

Participation in class actions typically does not require upfront costs; legal fees are often contingent upon winning the case.

Where can I get more information?

Further details can be obtained by contacting The Law Offices of Frank R. Cruz via phone or email, as well as visiting their official website.

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