Class Action Lawsuit to be prepared against Alliance MMA
Rosen Law Firm, a global investor rights law firm, announced it is investigating potential securities claims on behalf of shareholders of Alliance MMA, Inc. (NASDAQ: AMMA) resulting from allegations that Alliance MMA may have issued materially misleading business information to the investing public.
On March 31, 2017, Alliance MMA announced that it would be unable to timely file its Form 10-K for the period ended December 31, 2016 due to efforts to resolve certain matters relating to non-cash compensation expenses incurred prior to its initial public offering on September 30, 2016. On April 12, 2017, Alliance MMA revealed that its previously issued condensed consolidated financial statements for the nine months ended September 30, 2016, for the quarter 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 Alliance MMA to individuals who were at the time of transfer, or subsequently became, officers, directors or consultants of Alliance MMA.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Alliance MMA investors.
Contact Rosen Law Firm
If you purchased shares of Alliance MMA on or before April 12, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1102.html for more information.