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Deadline on June 29th coming up in Lawsuit filed for Investors in shares of SCWorx Corp. (NASDAQ: WORX)

06-16-2020 09:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on June 29, 2020 in the lawsuit for certain investors in SCWorx Corp. (NASDAQ: WORX).

A Deadline is coming up on June 29, 2020 in the lawsuit for certain investors in SCWorx Corp. (NASDAQ: WORX).

A deadline is coming up on June 29, 2020 in the lawsuit filed for certain investors of SCWorx Corp. (NASDAQ: WORX over alleged securities laws violations by SCWorx Corp..

Investors who purchased shares of SCWorx Corp. (NASDAQ: WORX) have certain options and there are strict and short deadlines running. Deadline: June 29, 2020. NASDAQ: WORX stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of SCWorx Corp. (NASDAQ: WORX) common shares between April 13, 2020 and April 17, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 13, 2020 and April 17, 2020, the Defendants failed to disclose to investors that SCWorx’s supplier for COVID-19 tests had previously misrepresented its operations, that SCWorx’s buyer was a small company that was unlikely to adequately support the purported volume of orders for COVID-19 tests, that, as a result, the Company’s purchase order for COVID-19 tests had been overstated or entirely fabricated, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of SCWorx Corp. (NASDAQ: WORX) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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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