A lawsuit was filed on behalf of investors in India Globalization Capital, Inc. (OTC: IGCC) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 11/16/2018 -- An investor, who purchased shares of India Globalization Capital, Inc. (OTC: IGCC), filed a lawsuit over alleged violations of Federal Securities Laws by India Globalization Capital, Inc.
Investors who purchased shares of India Globalization Capital, Inc. (OTC: IGCC) have certain options and for certain investors are short and strict deadlines running. Deadline: January 2, 2019.. OTC: IGCC investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The plaintiff claims that between October 25, 2017 and October 29, 2018, the defendants made false and/or misleading statements and/or failed to disclose that India Globalization's business model was in a state of change in order to lure potential blockchain and cannabis investors, that India Globalization had overstated the benefits of its relationships with manufacturers, partners, and distributors in order to inflate its potential commercial success in the blockchain and cannabis markets, that as a result, the New York Stock Exchange delisted India Globalization's shares from its exchange, and that consequently, defendants' statements about India Globalization's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On October 29, 2018, the NYSE American LLC ("NYSE American" or the "Exchange") "announced that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of India Globalization Capital, Inc. (NYSE: IGC) — ticker symbol IGC —from the Exchange. Trading in the Company's common stock on the NYSE American will be suspended immediately." The Exchange further stated that the "Company or its management have engaged in operations which, in the opinion of the Exchange, are contrary to the public interest."
Those who purchased shares of India Globalization Capital, Inc. (OTC: IGCC) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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