Alliance MMA, Inc. Securities Litigation

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Lawsuit Overview

Defendant:SCWorx Corp.
Date Filed:April 17th, 2017
Sector:N/A
Industry:N/A
Class Start Date:October 6th, 2016
Class End Date:April 12th, 2017
Settlement Website: http://www.strategicclaims.net/alliancemma/
Settlement Deadline:September 11th, 2018

According to the law firm press release, the lawsuit alleges defendants in connection with Alliance MMA's initial public offering made false and/or misleading statements and/or failed to disclose that: (1) 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 Alliance MMA to individuals who were at the time of transfer, or subsequently became, officers, directors or consultants of Alliance MMA; (2) 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 (3) as a result, defendants' statements about Alliance MMA's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

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First Identified Complaint

Eric Shapiro, et al. v. Alliance MMA, Inc., et al.

Date Filed:April 17th, 2017
Class Period Start:October 6th, 2016
Class Period End:April 17th, 2017
First Identified Complaint Filings
#Document TitleFiling Date