{"id":8272,"date":"2020-04-30T10:45:55","date_gmt":"2020-04-30T10:45:55","guid":{"rendered":"https:\/\/icrowdnewswire.com\/2020\/04\/30\/akazoo-alert-rosen-a-leading-law-firm-files-first-securities-class-action-lawsuit-against-akazoo-s-a-song\/"},"modified":"2020-04-30T10:45:55","modified_gmt":"2020-04-30T10:45:55","slug":"akazoo-alert-rosen-a-leading-law-firm-files-first-securities-class-action-lawsuit-against-akazoo-s-a-song","status":"publish","type":"post","link":"http:\/\/ipsnews.net\/business\/2020\/04\/30\/akazoo-alert-rosen-a-leading-law-firm-files-first-securities-class-action-lawsuit-against-akazoo-s-a-song\/","title":{"rendered":"AKAZOO ALERT: ROSEN, A LEADING LAW FIRM, Files First Securities Class Action Lawsuit Against Akazoo S.A. \u2013 SONG"},"content":{"rendered":"

NEW YORK<\/span>,  Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Akazoo S.A. (NASDAQ: SONG) between September 11, 2019<\/span> and April 20, 2020<\/span>, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Akazoo investors under the federal securities laws.<\/p>\n

To join the Akazoo class action, go to http:\/\/www.rosenlegal.com\/cases-register-1843.html or call Phillip Kim, Esq.<\/span> toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.<\/p>\n

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.<\/p>\n

According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that: (1) Akazoo overstated its revenue, profits, and cash holdings; (2) Akazoo holds significantly lesser music distribution rights than it has stated and implied; (3) as opposed to Akazoo’s continued statements, it does not operate in 25 countries; (4) Akazoo has a significantly smaller user base than it states; (5) Akazoo has closed its headquarters and other offices around the world; and (6) as a result, defendants’ public statements were materially false and\/or misleading at all relevant times.  According to the suit, these true details were disclosed by a market research firm.<\/p>\n

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 23, 2020<\/span>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http:\/\/www.rosenlegal.com\/cases-register-1843.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq.<\/span> of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm or on Twitter: https:\/\/twitter.com\/rosen_firm or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm.<\/p>\n

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.<\/p>\n

\n

See Campaign: <\/strong>http:\/\/ www.rosenlegal.com<\/a>
Contact Information:<\/b>
Laurence Rosen, Esq.
\n Phillip Kim, Esq.
\n The Rosen Law Firm, P.A.
\n 275 Madison Avenue, 40th Floor
\n New York, NY 10016
\n Tel: (212) 686-1060
\n Toll Free: (866) 767-3653
\n Fax: (212) 202-3827
\n lrosen@rosenlegal.com
\n pkim@rosenlegal.com
\n cases@rosenlegal.com<\/p>\n

Tags:<\/b>
<\/a>, Wire<\/a>, Legal Newswire<\/a>, United States<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

\n

Contact Information:<\/h3>\n

Laurence Rosen, Esq.
\n Phillip Kim, Esq.
\n The Rosen Law Firm, P.A.
\n 275 Madison Avenue, 40th Floor
\n New York, NY 10016
\n Tel: (212) 686-1060
\n Toll Free: (866) 767-3653
\n Fax: (212) 202-3827
\n lrosen@rosenlegal.com
\n pkim@rosenlegal.com
\n cases@rosenlegal.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK,  Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Akazoo S.A. (NASDAQ: SONG) between September 11, 2019 and April 20, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Akazoo investors under the federal securities laws. To join the … Continue reading AKAZOO ALERT: ROSEN, A LEADING LAW FIRM, Files First Securities Class Action Lawsuit Against Akazoo S.A. – SONG<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12,22,54],"tags":[],"class_list":["post-8272","post","type-post","status-publish","format-standard","hentry","category-english","category-legal-newswire","category-united-states","category-wire"],"yoast_head":"\nAKAZOO ALERT: ROSEN, A LEADING LAW FIRM, Files First Securities Class Action Lawsuit Against Akazoo S.A. \u2013 SONG - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/04\/30\/akazoo-alert-rosen-a-leading-law-firm-files-first-securities-class-action-lawsuit-against-akazoo-s-a-song\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AKAZOO ALERT: ROSEN, A LEADING LAW FIRM, Files First Securities Class Action Lawsuit Against Akazoo S.A. \u2013 SONG - Business\" \/>\n<meta property=\"og:description\" content=\"NEW YORK,  Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Akazoo S.A. 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