Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of SCWorx Corp. (NASDAQ: WORX) between April 13, 2020 and April 17, 2020, inclusive (the "Class Period"). The lawsuit seeks to recover damages for SCWorx investors under the federal securities laws.
To join the SCWorx class action, go to http://www.rosenlegal.com/cases-register-1848.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) SCWorx's supplier for COVID-19 tests had previously misrepresented its operations; (2) SCWorx's buyer was a small company that was unlikely to adequately support the purported volume of orders for COVID-19 tests; (3) as a result, the Company's purchase order for COVID-19 tests had been overstated or entirely fabricated; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 29, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1848.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.
source by - https://www.prnewswire.com/news-releases/scworx-loss-notice-rosen-a-leading-and-top-ranked-law-firm-announces-filing-of-securities-class-action-lawsuit-against-scworx-corp-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm--worx-301060257.html
| Company Name | Contact Person | Contact Number | Email Id | Website | Address |
|---|---|---|---|---|---|
| SCWORX LOSS NOTICE | 8667673653 | pkim@rosenlegal.com | https://www.rosenlegal.com/ |
Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities o...Read More
NapBots has announced one of its first key partnerships with Bitpanda Pro as a full trade automation solutions partner. Bitpanda Pro is a digital ...Read More
If the recent outbreak of the Covid-19 pandemic teaches us anything, it is of the importance of being prepared for life's rare occurrences. But wi...Read More
Gox Rising engages the international community of creditors of the Mt. Gox Estate with an offer to purchase claims from those creditors that do not wi...Read More
Sträva Craft Coffee, Inc., the leading U.S. manufacturer of hemp-infused specialty coffee (CBD coffee), has enlisted the services of SA Capital P...Read More
