IMPORTANT PLATINUM PARI-MUTUEL HOLDINGS INC. INVES

NEW YORK, March 08, 2017 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the District of New Jersey on behalf of purchasers of Platinum Pari-Mutuel Holdings Inc.  (OTC:PPMH) from July 12, 2016 through February 15, 2017, inclusive (the “Class Period”).       

Investors who have incurred losses in Platinum Pari-Mutuel Holdings Inc. shares of are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com . 

If   you    have    purchased  shares of  Platinum Pari-Mutuel Holdings Inc. within the class period and would like to assist with the litigation process, you may, no later than May 2, 2017 , request that the Court appoint you lead plaintiff of the proposed class.

According to the filed complaint, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Platinum Pari-Mutuel’s press releases and financial information lacked veracity; (2) Platinum Pari-Mutuel’s disclosure controls and procedures were inadequate; and (3) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

The stock was halted for trading post-close on February 15, 2017 at $0.25 per share after the Securities and Exchange Commission (SEC) temporarily suspended trading in Platinum Pari-Mutuel securities. This occurred due to questions regarding the accuracy and adequacy of Platinum Pari-Mutuel’s press releases and financial information disclosed to the public.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com , or visit our website at www.whafh.com .

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Contact: Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq. Gregory Stone, Director of Case and Financial Analysis Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com Tel: (800) 575-0735 or (212) 545-4774