LOS ANGELES--(EON: Enhanced Online News)--Goldberg Law PC, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Alliance MMA, Inc. (“Alliance MMA” or the “Company”) (Nasdaq: AMMA).
“an error in recognizing as compensation transfers of common stock by an affiliate of the Company to individuals who were at the time of transfer, or subsequently became, officers, directors or consultants of the Company.”
If you purchased or otherwise acquired Alliance MMA shares on or about the October 6, 2016 initial public offering, and would like more information regarding the investigation, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at email@example.com.
The investigation focuses on whether Alliance MMA and certain of its officers and/or directors violated federal securities laws. On March 31, 2017, the Company disclosed that it would not file its fiscal year 2016 10-K on time due to its efforts to resolve “certain matters relating to non-cash compensation expenses incurred prior to the Company’s initial public offering on September 30, 2016.” On April 12, 2017, Alliance MMA disclosed that its financial statements for the nine months ended September 30, 2016 and for the three and six months ended June 30, 2016 should no longer be relied upon because of “an error in recognizing as compensation transfers of common stock by an affiliate of the Company to individuals who were at the time of transfer, or subsequently became, officers, directors or consultants of the Company.” The Company further stated that it plans to include revised financial information in its 10-K for the year ended December 31, 2016, for the nine months ended September 30, 2016, and for the three and six months ended June 30, 2016, and that Alliance MMA’s CFO has discussed the determination to restate the financial statements with the Company’s independent accounting firm.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at firstname.lastname@example.org.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.