Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against MGT Capital, Applied Optoelectronics, and Acadia and Encourages Investors to Contact the Firm
NEW YORK, Nov. 12, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of MGT Capital Investments, Inc., Applied Optoelectronics, Inc., and Acadia Healthcare Company, Inc. Stockholders have until the deadlines listed below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
MGT Capital Investments, Inc. (Other OTC: MGTI)
Class Period: October 9, 2015 - September 7, 2018
Lead Plaintiff Deadline: November 27, 2018
The complaint alleges that throughout the Class Period, defendants made false and misleading statements to the market. The SEC filed a lawsuit against a former MGT Capital officer and others alleging a pump & dump scheme to artificially drive up the price of the Company’s stock price. The management of MGT Capital was influenced by the scheme, ultimately resulting in the Company’s stock being delisted by the New York Stock Exchange.
To learn more about the MGT class action go to: https://bespc.com/mgti/.
Applied Optoelectronics, Inc. (NASDAQ: AAOI)
Class Period: August 7, 2018 - September 27, 2018
Lead Plaintiff Deadline: November 30, 2018
The Complaint 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: (1) that certain of the company’s lasers were susceptible to fail prematurely; (2) that certain of the company’s transceivers utilizing these lasers would be materially affected; and (3) that, as a result of the foregoing, defendant’s positive statements about the company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
To learn more about the AAOI class action go to: http://bespc.com/aaoi/.
Acadia Healthcare Company, Inc. (NASDAQ: ACHC)
Class Period: February 23, 2017 - October 24, 2017
Lead Plaintiff Deadline: December 3, 2018
The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements regarding Acadia’s business and operations, including by falsely stating that the quality of Acadia’s U.K. operations gave it a competitive strength that would drive future growth and profitability, and by issuing false and misleading guidance regarding the company’s actual and projected 2017 revenue, earnings before interest, taxes, depreciation and amortization and earnings per share.
To learn more about the Acadia class action go to: http://bespc.com/acad/.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.