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Platinum Pari-Mutuel Holdings, Inc. (OTC BB: PPMH)

Securities Class Action

Overview
  • Date:
  • 3/10/2017
  • Company Name:
  • Platinum Pari-Mutuel Holdings, Inc.
  • Stock Symbol:
  • PPMH
  • Class Period:
  • FROM 7/12/2016 TO 2/15/2017
  • Status:
  • Closed/Complete
  • Court:
  • U.S. Bankruptcy Court: District of New Jersey

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NEW YORK, March 10, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the District of New Jersey on behalf of all persons or entities who acquired Platinum Pari-Mutuel Holdings, Inc. (OTC BB: PPMH) securities between July 12, 2016 and February 15, 2017 (the “Class Period”).

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Platinum Pari-Mutuel’s press releases and financial information lacked veracity; (2) Platinum Pari-Mutuel’s disclosure controls and procedures were inadequate; and (3) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

The stock was halted for trading post-close on February 15, 2017 at $0.25 per share after the Securities and Exchange Commission ("SEC") temporarily suspended trading in Platinum Pari-Mutuel securities. This occurred due to questions regarding the accuracy and adequacy of Platinum Pari-Mutuel’s press releases and financial information disclosed to the public.

If you purchased or otherwise acquired Platinum Pari-Mutuel securities during the Class Period and suffered a loss or continue to hold shares purchased prior to the Class Period, have information, 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 Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.

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