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HyreCar, Inc. (HYRE) is the subject of a class action lawsuit filed on behalf of shareholders regarding alleged violations of the federal securities laws.  If you purchased shares of HyreCar between May 14, 2021 and August 10, 2021 (class period), please contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com. The deadline to apply to be lead plaintiff (class representative) is October 26, 2021.  HyreCar is a publicly-traded Los Angeles-based company that operates a car sharing marketplace, which allows car owners to rent their cars to drivers for ride-share services like Uber and Lyft.  HyreCar Press Release Causes Stock To Fall  After market close on August 10, 2021, HyreCar stated in a press release that in Q2 2021 the company had net losses of $9.3 million. The company’s adjusted EBITDA loss was $7.1 million, which was more than four times higher than the $1.7 million adjusted EBITDA loss in the same quarter of the previous year.  According to the press release, gross profit for Q2 2021 was $0.8 million, which was less than one third what it was in the same quarter of the previous year.  At the same time the press release was issued, HyreCar filed a 10-Q with the SEC, which disclosed increasing costs of revenue during the quarter, which was attributed to higher insurance claims incidence.HyreCar, Inc. (HYRE) is the subject of a class action lawsuit filed on behalf of shareholders regarding alleged violations of the federal securities laws.

If you purchased shares of HyreCar between May 14, 2021 and August 10, 2021 (class period), please contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com. The deadline to apply to be lead plaintiff (class representative) is October 26, 2021. Continue reading ›

Live Ventures Incorporated (LIVE) is being investigated by Silver Law Group regarding possible violations of the federal securities laws. If you purchased shares of Live Ventures (LIVE) between December 28, 2016 and August 3, 2021 (class period), contact Silver Law Group for a no-cost consultation at (800) 975-4345 or at ssilver@silverlaw.com. The deadline to apply to be lead plaintiff (class representative) is October 12, 2021. Live Ventures is a US-based publicly-traded holding company that, with its subsidiaries, operates in the flooring manufacturing, retail, and steel manufacturing business. Class Action Lawsuit Filed On Friday, August 13, 2021 a class action lawsuit was filed against Live Ventures in federal court in Nevada. The lawsuit was filed on behalf of investors who have losses from owning shares of the company during the class period.Live Ventures Incorporated (LIVE) is being investigated by Silver Law Group regarding possible violations of the federal securities laws.

If you purchased shares of Live Ventures (LIVE) between December 28, 2016 and August 3, 2021 (class period), contact Silver Law Group for a no-cost consultation at (800) 975-4345 or at ssilver@silverlaw.com. The deadline to apply to be lead plaintiff (class representative) is October 12, 2021. Continue reading ›

In January 2021, the Securities and Exchange Commission (SEC) filed a complaint against Eric C. Malley (Malley) and MG Capital Management LP concerning what the SEC characterized as “an offering fraud orchestrated by Malley, the founder and principal of MG Capital, the investment manager of two real estate funds.” The SEC’s Complaint can be found here. Malley and his firm, MG Capital, are based in New York and conducted much of their business in Manhattan.  According to the SEC, Malley and his firm raised almost $60 million from investors through various alleged fraudulent representations and omissions. For this misconduct, the SEC seeks a permanent injunction preventing Malley from further violating federal securities laws, disgorgement of all ill-gotten gains from the alleged scheme, and civil money penalties.In January 2021, the Securities and Exchange Commission (SEC) filed a complaint against Eric C. Malley (Malley) and MG Capital Management LP concerning what the SEC characterized as “an offering fraud orchestrated by Malley, the founder and principal of MG Capital, the investment manager of two real estate funds.” The SEC’s Complaint can be found here. Malley and his firm, MG Capital, are based in New York and conducted much of their business in Manhattan. Continue reading ›

Silver Law Group is investigating fuboTV Inc. (FUBO) on behalf of investors for potential violations of federal securities laws.  fuboTV Inc. is a live streaming platform that allows customers to access sports, entertainment, and news in the United States and Europe.  Motley Fool Article Alleges “Big Problem With FuboTV Stock”  On January 4, 2021, The Motley Fool published an article on its website with the title “There’s a Big Problem With FuboTV Stock”. The article said that despite fuboTV stock making huge gains in 2020, the company was “wildly unprofitable” and characterized it as trying “to put lipstick on a pig with a creative metric.”  The article said that the company’s “adjusted contribution margin”, supposedly showing profitability, was “meaningless” and showed how quickly subscribers were being gained, not profitability. The article called this a red flag, and fuboTV’s stock fell over 13% the day the article was published.Silver Law Group is investigating fuboTV Inc. (FUBO) on behalf of investors for potential violations of federal securities laws.

fuboTV Inc. is a live streaming platform that allows customers to access sports, entertainment, and news in the United States and Europe. Continue reading ›

Miami-Based David Coggins Accused of Perpetrating Alleged Securities Fraud Silver Law Group is continuing to investigate and has now filed several lawsuits on behalf of victims of an alleged hedge fund fraud perpetrated by David Coggins, who investors claim operated a bogus hedge fund named Coral Gables Capital, LP and/or Coral Gables Asset Holdings, LP. Coggins managed these “funds” through his company Coral Gables Asset Management, LLC. Coggins has spent the last few years soliciting investments for his hedge fund, which investors now contend was a total fraud through which Coggins stole investors’ funds. Among other things, in Silver Law Group’s pending cases, investors have alleged: Coggins contacted prospective investors by sharing fake marketing materials and performance data which made Coggins’ fund, Coral Gables Capital and/or Coral Gables Asset Holdings, seem as if it was generating substantial returns over the past few years. Coggins even created fake audit reports and a compliance manual intended to dupe investors into believing they were dealing with a legitimate, established hedge fund with millions in assets under management.Miami-Based David Coggins Accused of Perpetrating Alleged Securities Fraud

Silver Law Group is continuing to investigate and has now filed several lawsuits on behalf of victims of an alleged hedge fund fraud perpetrated by David Coggins, who investors claim operated a bogus hedge fund named Coral Gables Capital, LP and/or Coral Gables Asset Holdings, LP. Coggins managed these “funds” through his company Coral Gables Asset Management, LLC. Continue reading ›

A class action lawsuit has been filed against Neovasc Inc. (NVCN), a Canadian biotech company, regarding potential violations of federal securities laws.  If you have losses from investing in Neovasc Inc. (NVCN) during the class period between November 1, 2019 and October 27, 2020, contact Silver Law Group for a no-cost consultation at (800) 975-4345 or by email at ssilver@silverlaw.com.  The deadline to apply to be lead plaintiff is January 5, 2021. A class has not been certified in this case. You are not represented by an attorney until certification occurs.  Neovasc Reducer    Neovasc Inc. (NVCN) is a specialty medical device company that creates cardiovascular devices for the domestic and international market. Neovasc’s products include the Neovasc Reducer, which is under review by the U.S. Food and Drug Administration (FDA) for treatment of patients with refractory angina pectoris.A class action lawsuit has been filed against Neovasc Inc. (NVCN), a Canadian biotech company, regarding potential violations of federal securities laws.

If you have losses from investing in Neovasc Inc. (NVCN) during the class period between November 1, 2019 and October 27, 2020, contact Silver Law Group for a no-cost consultation at (800) 975-4345 or by email at ssilver@silverlaw.com. Continue reading ›

It’s happened again—a startup company that touted revolutionary changes to an industry is being accused of fraud. After Elizabeth Holmes and her blood-testing company, Theranos, had a reputation later discovered as built on falsehoods, a Canadian recycling company is being accused of misrepresentations.  Similar to Theranos, Montreal-based plastic recycler Loop Industries claims to have “revolutionary technology.” Now, Loop has been outed by a report from Hindenburg Research that reports more than what’s been told. Hindenburg culled information from various sources, including industrial experts, company partners, competitors, company documents, as well as former employees of the company. They also submitted their findings to regulators. After the Hindenburg report’s release, shares of the company have dropped nearly 40%. Silver Law Group is a securities fraud law firm that represents investors in class action lawsuits. This blog may be considered advertising. Solving A Recycling Problem Although plastic recycling is more widespread than ever before, the practice isn’t without faults. Not every type of plastic is recyclable, and some are more difficult than others. PET, or polyethylene terephthalate, is the plastic that’s ubiquitous in bottled water, as well as packaging for foods and other beverages. Just last month, the company released 1,880,000 shares of its common stock at a price to the public of $12.75 per share. Roth Capital Partners was acting as the sole manager for the offering.It’s happened again—a startup company that touted revolutionary changes to an industry is being accused of fraud.

After Elizabeth Holmes and her blood-testing company, Theranos, had a reputation later discovered as built on falsehoods, a Canadian recycling company is being accused of misrepresentations. Similar to Theranos, Montreal-based plastic recycler Loop Industries claims to have “revolutionary technology.” Now, Loop has been outed by a report from Hindenburg Research that reports more than what’s been told. Continue reading ›

In June 2020, the U.S. Court of Appeals for the Eleventh Circuit issued an opinion in the case Isaiah v. JPMorgan Chase Bank, N.A. This landmark decision narrowly defines which claims can be brought by a court-appointed receiver for entities that perpetrated a Ponzi scheme, leaving a broad category of claims to the investor-victims to be litigated either individually or on a class action basis. Ponzi Scheme Background This case arose out of a Ponzi scheme in which two fraudsters used business entities they controlled to bilk millions of dollars from more than 2,000 investors. According to the 11th Circuit opinion, “the Ponzi schemers solicited investors by promising astronomical returns on investments supposedly involving the trade of Venezuelan and U.S. currency.” Unfortunately, in true Ponzi scheme fashion, the perpetrators were paying so-called “distributions” to existing investors using money continuously being raised from new investors. The scheme ultimately was uncovered and fell apart, and a court-appointed receiver was put in place to stand in the shoes of the fraudulent entities to protect the creditors’ (the victims’) rights. When a Ponzi scheme is uncovered, a court-appointed receiver is often put in place to unravel the financial misconduct committed by the fraudsters.In June 2020, the U.S. Court of Appeals for the Eleventh Circuit issued an opinion in the case Isaiah v. JPMorgan Chase Bank, N.A. This landmark decision narrowly defines which claims can be brought by a court-appointed receiver for entities that perpetrated a Ponzi scheme, leaving a broad category of claims to the investor-victims to be litigated either individually or on a class action basis. Continue reading ›

Silver Law Group is investigating Golar LNG Limited (GLNG) (“Golar” or the “Company”) for potential violations of the federal securities laws. On September 24, 2020, media outlets reported that Eduardo Navarro Antonello, Chief Executive Officer of Golar’s joint-venture subsidiary Hygo Energy Transition Ltd., had been implicated in a bribery network investigated in connection with the ongoing Brazilian criminal investigation Operation Car Wash. On this news, Golar’s stock price fell $3.28 per share, or approximately 32%, to close at $6.86 per share on September 24, 2020.  As the world focuses on cleaner forms of energy, Liquified Natural Gas (LNG) has become a frontrunner. As of 2019, the US is the third-largest importer of LNG. This growing interest means that LNG’s increased value is another avenue for investors.Silver Law Group is investigating Golar LNG Limited (GLNG) (“Golar” or the “Company”) for potential violations of the federal securities laws. On September 24, 2020, media outlets reported that Eduardo Navarro Antonello, Chief Executive Officer of Golar’s joint-venture subsidiary Hygo Energy Transition Ltd., had been implicated in a bribery network investigated in connection with the ongoing Brazilian criminal investigation Operation Car Wash. On this news, Golar’s stock price fell $3.28 per share, or approximately 32%, to close at $6.86 per share on September 24, 2020. Continue reading ›

Silver Law Group is investigating Aquestive Therapeutics, Inc. (AQST) regarding potential violations of federal securities laws. If you have losses from investing in Aquestive Therapeutics, Inc. (AQST) stock, contact Silver Law Group for consultation at no cost at (800) 975-4345 or by email at ssilver@silverlaw.com. Aquestive Therapeutics, Inc. (AQST) Drug Libervant Aquestive Therapeutics, Inc. (AQST) is a specialty pharmaceutical company based out of New Jersey that “focuses on identifying, developing, and commercializing various products to address unmet medical needs.” On September 25, 2020, Aquestive said that it had received a Complete Response Letter (CRL) from the Food and Drug Administration (FDA) for its New Drug Application for Libervant Buccal Film. Libervant is a drug being developed to manage seizure clusters.Silver Law Group is investigating Aquestive Therapeutics, Inc. (AQST) regarding potential violations of federal securities laws.

If you have losses from investing in Aquestive Therapeutics, Inc. (AQST) stock, contact Silver Law Group for consultation at no cost at (800) 975-4345 or by email at ssilver@silverlaw.com. Continue reading ›

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