NEW ORLEANS, April 27, 2018 /PRNewswire/ -- ClaimsFiler,
a FREE shareholder information service, reminds investors that they
have until June 4, 2018 to
file lead plaintiff applications in a securities class action
lawsuit against Longfin Corp. (NasdaqCM: LFIN), if they purchased
the Company's shares between December 15,
2017 and April 2, 2018,
inclusive (the "Class Period"). This action is pending in
the United States District Court
for the Southern District of New
York.
Get Help
Longfin investors should visit us at
https://www.claimsfiler.com/cases/view-longfin-corp-securities-litigation
or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Longfin and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On March 26, 2018, Citron Research
reported that the Company was "a pure stock scheme" and "[f]ilings
and press releases are riddled with inaccuracies and fraud."
Soon thereafter, global index operator FTSE Russell announced that
Longfin was being removed from its global indices, less than two
weeks after joining. The next day, Longfin CEO Meenavalli
stated that the company would file its 10-K within three days;
however, no such filing was made by then or during trading on
April 2, 2018.
On this event, the price of Longfin's shares plummeted.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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