AP NEWS

EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Namaste Technologies Inc.

October 5, 2018

NEW YORK--(BUSINESS WIRE)--Oct 5, 2018--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Namaste Technologies Inc. (OTC: NXTTF) resulting from allegations that Namaste may have issued materially misleading business information to the investing public.

On October 4, 2018,  Citron Research  published a report entitled, “Namaste: Citron has exposed complete FRAUD that underpins the ‘Business’ of Namaste,” stating that CEO “[Sean] Dollinger said he sold [an] asset to an arm’s length party . . . but it was really sold to David Hughes who has been with Namaste since Feb 2015 (and Paul Burn who has been with Namaste since 2016).” The report also alleges that “Namaste has lied to its shareholders, Canadian Regulators, US Regulators; and most of all has attempted to hide US assets from the Justice Department in an attempt to obtain a US listing.” On this news, shares of Namaste fell $0.078 per share or over 4.3% to close at $1.73 per share on October 4, 2018.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Namaste investors. If you purchased shares of Namaste please visit the firm’s website at https://www.rosenlegal.com/cases-1425.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.

Attorney Advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181005005299/en/

CONTACT: Laurence Rosen, Esq.

Phillip Kim, Esq.

Zachary Halper, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 34thFloor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

lrosen@rosenlegal.com

pkim@rosenlegal.com

zhalper@rosenlegal.com

www.rosenlegal.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Rosen Law Firm

Copyright Business Wire 2018.

PUB: 10/05/2018 09:59 AM/DISC: 10/05/2018 09:59 AM

http://www.businesswire.com/news/home/20181005005299/en

AP RADIO
Update hourly