INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Akazoo S.A. and Encourages Investors with Losses of $100,000 to Contact the Firm
MUSIC LICENSING INC (SONG)
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Akazoo S.A. (“Akazoo” or “the Company”) (NASDAQ: SONG) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Akazoo is the subject of a research report by Quintessential Capital published on April 20, 2020. The report describes the Company as a "castle of cards" because many aspects of its business, including users, revenues, and profits may be “profoundly overstated.” Quintessential Capital concluded, “We believe Akazoo is a scheme orchestrated by management to profit while egregiously deceiving investors.” Based on this news, shares of Akazoo plunged by more than 17% on the same day.If you are a shareholder who suffered a loss, click here to participate.We also encourage you to con
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- 9/3/24 - Form 1-U
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