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Glancy Prongay & Murray LLP Announces Investigation on Behalf of MGT Capital Investments, Inc. Investors (MGTI)

October 10, 2018

LOS ANGELES--(BUSINESS WIRE)--Oct 10, 2018--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of MGT Capital Investments, Inc. (“MGT” or the “Company”) (OTC: MGTI ) investors concerning the Company and its officers’ possible violations of federal securities laws.

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On September 7, 2018, the U.S. Securities and Exchange Commission (“SEC”) filed a lawsuit against MGT and certain defendants, alleging that defendants were participants in “highly profitable ‘pump-and-dump’ schemes...from 2013 through 2018” in the stock of three public companies, including MGT. The SEC complaint further alleges that the schemes “enrich[ed] Defendants by millions of dollars, [and] left retail investors holding virtually worthless shares.” On this news, shares of MGT fell $0.195, or over 33%, to close at $0.395 per share on September 10, 2018, thereby damaging investors.

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If you purchased MGT securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181010005997/en/

CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York

Lesley Portnoy, 310-201-9150 or 888-773-9224

shareholders@glancylaw.com

www.glancylaw.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Glancy Prongay & Murray LLP

Copyright Business Wire 2018.

PUB: 10/10/2018 05:22 PM/DISC: 10/10/2018 05:22 PM

http://www.businesswire.com/news/home/20181010005997/en

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