BENSALEM, Pa.–(BUSINESS WIRE)–#classaction–Law Offices of Howard G. Smith announces an investigation on behalf of
MGT Capital Investments, Inc. (“MGT” or the “Company”) (OTC: MGTI)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
On September 7, 2018, the U.S. Securities and Exchange Commission
(“SEC”) filed a lawsuit against MGT and certain defendants, alleging
that defendants were participants in “highly profitable ‘pump-and-dump’
schemes…from 2013 through 2018” in the stock of three public
companies, including MGT. The SEC complaint further alleges that the
schemes “enrich[ed] Defendants by millions of dollars, [and] left retail
investors holding virtually worthless shares.” On this news, shares of
MGT fell $0.195, or over 33%, to close at $0.395 per share on September
10, 2018, thereby damaging investors.
If you purchased MGT securities, have information or would like to learn
more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org,
or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.