A lawsuit was filed on behalf of investors in Platinum Pari-Mutuel Holdings Inc (OTCMKTS:PPMH) shares over alleged securities laws violations. Deadline: May 2, 2017. OTCMKTS:PPMH investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/08/2017 -- The Shareholders Foundation announces that an investor, who purchased shares of Platinum Pari-Mutuel Holdings Inc (OTCMKTS:PPMH), filed a lawsuit in New Jersey over alleged violations of Federal Securities Laws by Platinum Pari-Mutuel Holdings Inc.
Investors who purchased shares of Platinum Pari-Mutuel Holdings Inc (OTCMKTS:PPMH) have certain options and for certain investors are short and strict deadlines running. Deadline: May 2, 2017. OTCMKTS: PPMH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The plaintiff alleges on behalf of purchasers of Platinum Pari-Mutuel Holdings Inc (OTCMKTS:PPMH) common shares between July 12, 2016 and February 15, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 12, 2016 and February 15, 2017, the defendants made false and/or misleading statements and/or failed to disclose that Platinum Pari-Mutuel Holdings Inc's press releases and financial information lacked veracity, that Platinum Pari-Mutuel Holdings Inc's disclosure controls and procedures were inadequate, and that as a result, Defendants' public statements were materially false and misleading at all relevant times.
On February 16, 2017, the Securities and Exchange Commission ("SEC") temporarily suspended trading in Platinum Pari-Mutuel Holdings Inc securities due to questions regarding the accuracy and adequacy of Platinum Pari-Mutuel's press releases, since at least July 2016, and financial information Platinum Pari-Mutuel Holdings Inc disclosed to the public. The SEC indicated that those questions concern, among other things, the valuation of recent corporate acquisitions and projections concerning future revenues.
Those who purchased shares of Platinum Pari-Mutuel Holdings Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com