Stull, Stull & Brody Announces Class Action Suit on Behalf of Purchasers of Common Shares of 6D Global Technologies, Inc. -- ...
19 Outubro 2015 - 10:00PM
Stull, Stull & Brody ("SS&B") announces that a class action
lawsuit was commenced in the United States District Court for the
Southern District of New York on behalf of persons who purchased or
acquired the shares of 6D Global Technologies, Inc. (“6D” or the
“Company”) (NASDAQ:SIXD) between November 3, 2010 and September 10,
2015, inclusive (the "Class Period").
If you purchased 6D securities during the Class Period you may
move the Court to serve as lead plaintiff by no later than December
14, 2015. A lead plaintiff is a representative party that acts on
behalf of other class members in directing the litigation.
SS&B is also investigating whether allegations in the class
action were also breaches of fiduciary duties by the officers and
directors of 6D. An action for breaches of fiduciary duty can
be brought as a derivative action by a shareholder who held Company
stock at the start of the Class Period and who continues to hold
Company stock until the derivative action has concluded.
The complaint alleges defendants violated securities laws
because deficient internal controls at 6D allowed Benjamin Wei to
exert undue influence over the Company, because of improper and
undisclosed material related party transactions entered into by the
Company, and; because the Company’s stock price was manipulated.
The complaint also alleges that 6D's stock fell after the truth
emerged.
If you wish to discuss this action or have any questions
concerning this notice or your rights or interests with respect to
these matters, please contact Michael J. Klein, Esq. at Stull,
Stull & Brody by e-mail at SIXD@ssbny.com, by calling
toll-free 1-800-337-4983 x147, or by fax at 212/490-2022, or by
writing to Stull, Stull & Brody, 6 East 45th Street, New York,
NY 10017. You can also visit our website at www.ssbny.com.
Stull, Stull & Brody has litigated many class actions for
violations of securities laws and breaches of fiduciary duty on
behalf of defrauded investors over the past 40 years and has
obtained court approval of substantial settlements on numerous
occasions. Stull, Stull & Brody has offices in New York
and Beverly Hills. The Stull, Stull & Brody website
(www.ssbny.com) has additional information about the firm.
Attorney advertising. Prior results do not guarantee a
similar outcome. This press release may be considered
Attorney Advertising in some jurisdictions under applicable laws
and ethical rules.
6D Global Technologies (CE) (USOTC:SIXD)
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