Publicly available records indicate that a class action lawsuit has been filed on behalf of investors in Platinum Pari-Mutuel Holdings (OTC: PPMH) in connection to alleged violations of securities laws by PPMH and certain of its officers. Fitapelli Kurta is interested in hearing from investors who have complaints regarding investments made in Platinum Pari-Mutuel Holdings between July 12, 2016 through February 15, 2017.
The class action complaint specifically alleges that during the period in question, PPMH and certain of its officers might have provided false and/or misleading material information, and/or failed to disclose adverse material information to the public, namely: that the Company’s financial data and press releases were not truthful; that the company had inadequate controls and protocols governing its disclosures; and that thus the Company’s statements to the public were false and misleading during the relevant period. When news came to light that on February 15, 2017, the Securities and Exchange Commission had stopped the Company from trading as a result of questions concerning its financial information and press releases, raising concerns about recent acquisitions and revenue forecasts, PPMH’s value declined and its investors suffered, according to the lawsuit.
According to the company’s website, Platinum Pari-Mutual Holdings is “A publicly traded company (OTC: PPMH) focused on innovation and enterprise by acquiring, managing, and operating technology based companies for growth within the industry.”
A class action lawsuit has already been filed in connection with Platinum Pari-Mutuel Holdings. If you wish to serve as lead plaintiff in the PPMH lawsuit, you must move the Court no later than May 2, 2017. If you wish to join the litigation, please contact Marc Fitapelli at 212-658-1501 or Jonathan Kurta at 212-658-1502. There is no cost or obligation to you and your ability to share in any recovery does not require that you serve as a lead plaintiff.