NEW YORK, March 09, 2017 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Platinum Pari-Mutuel Holdings Inc. (“Platinum” or the “Company”) (OTCMKT:PPMH) and certain of its officers, and is on behalf of a class consisting of all persons or entities who purchased Platinum securities between July 12, 2016 and February 15, 2017, both dates inclusive (the “Class Period”). Such investors are advised to join this case by visiting the firm’s site: http://www.bgandg.com/ppmh .
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”).
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Platinum’s press releases and financial information lacked validity; (2) Platinum’s disclosure controls and procedures were inadequate; and (3) consequently, Defendants’ public statements were materially false and misleading at all relevant times.
On February 16, 2017, the Securities and Exchange Commission (the SEC) suspended Platinum Pari-Mutuel securities from trading due to questions about the accuracy and adequacy of Platinum’s press releases, since at least July 2016, and the financial information Platinum provided to the public. The SEC specified that those questions regard the valuation of recent corporate acquisitions and forecasts for future revenues.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/ppmh or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Platinum you have until May 2, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | info@bgandg.com
