An investigation on behalf of current long term investors in 6D Global Technologies Inc (NASDAQ:SIXD shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:SIXD stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/19/2016 -- An investigation for shareholders in 6D Global Technologies Inc (NASDAQ:SIXD) concerning potential breaches of fiduciary duties by certain directors of 6D Global Technologies Inc was announced.
Investors who are current long term investors in 6D Global Technologies Inc (NASDAQ:SIXD shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ:SIXD stocks follows a lawsuit filed against 6D Global Technologies Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:SIXD stocks, concerns whether certain 6D Global Technologies officers and directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. Southern District of New York the plaintiff alleges that between November 3, 2010 and September 10, 2015 defendants issued materially false and misleading statements to investors and/or failed to disclose that 6D Global Technologies Inc had deficient internal controls, that the lack of internal controls allowed Defendant Benjamin Wei to exert influence and control over the Company, that 6D Global Technologies Inc was engaged in improper and undisclosed material related party transactions, that the Defendants were engaged in a scheme to manipulate the Company's stock price, and that as a result, the Company's public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On September 8, 2015, the DOJ indicted the CEO of New York Global Group, Benjamin Wey, on charges of securities fraud, stock manipulation, money laundering, and wire fraud. Then two days later Benjamin Wey was arrested and the SEC filed a civil action against him, New York Global Group, and certain other defendants for their roles in an alleged fraudulent scheme to obtain and profit from undisclosed, controlling ownership interests in several U.S. companies spawned via "reverse Chinese mergers," including 6D Global, that were secretly controlled by Benjamin Wey and New York Global Group.
On September 10, 2015, NASDAQ halted trading in 6D Global Technologies for "additional information requested.
Those who purchased shares of 6D Global Technologies Inc (NASDAQ:SIXD) have certain options and should contact the Shareholders Foundation.
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