SAN DIEGO, Nov. 03, 2015 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of shares of 6D Global Technologies Inc (NASDAQ:SIXD) over alleged Securities Laws Violations by 6D Global Technologies Inc.
Investors who have losses in excess of $100,000 from their investment between November 3, 2010 and September 10, 2015 in shares of 6D Global Technologies Inc (NASDAQ:SIXD) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
Shareholders who have continuously held 6D Global Technologies shares long-term are also encouraged to contact the Shareholders Foundation.
The plaintiff claims that defendants issued certain materially false and misleading statements to investors and/or failed to disclose that 6D Global Technologies Inc had deficient internal controls, that the lack of internal controls allowed Defendant Benjamin Wey to exert influence and control over the Company, that 6D Global Technologies Inc was engaged in improper and undisclosed material related party transactions, that the Defendants were engaged in a scheme to manipulate the Company’s stock price, and that as a result, the Company’s public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On September 8, 2015, the Department of Justice (“DOJ”) indicted the CEO of New York Global Group, Benjamin Wey, on charges of securities fraud, stock manipulation, money laundering, and wire fraud. Then, two days later Benjamin Wey was arrested and the SEC filed a civil action against him, New York Global Group, and certain other defendants for their roles in an alleged fraudulent scheme to obtain and profit from undisclosed, controlling ownership interests in several U.S. companies spawned via “reverse Chinese mergers,” including 6D Global Technologies, that were allegedly secretly controlled by Benjamin Wey and New York Global Group.
Those who purchased 6D Global Technologies Inc (NASDAQ:SIXD) shares have certain options and should contact the Shareholders Foundation, Inc. by e-mail at email@example.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 firstname.lastname@example.org 3111 Camino Del Rio North Suite 423 San Diego, CA 92108
Source:Shareholders Foundation, Inc.