Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Agrify Corporation (AGFY) Investigation
NEW YORK--(BUSINESS WIRE)--Jan 12, 2022--
Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Agrify Corporation (“Agrify” or the “Company”) (NASDAQ: AGFY). Investors who purchased Agrify shares are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/agfy.
The investigation concerns whether Agrify and certain of its officers and/or directors have violated federal securities laws.
On December 16, 2021, Bonitas Research posted an article about Agrify, alleging several issues including that ”[w]e believe that Agrify created artificial demand for its product by financing undisclosed Company insiders to act as independent customers.” Further the report alleges that “Agrify insiders lied to investors about the independence of its customer base in order to execute a dubious stock promotion for self-enrichment at the expense of minority shareholders[,]” and that ”[e]vidence showed that five (5) of Agrify’s eight (8) customer announcements in 2021 are either with undisclosed Company insiders or with unlicensed unproven operators.” Following this news, Agrify’s stock dropped sharply during intraday on December 16, 2021.
If you are aware of any facts relating to this investigation or purchased Agrify shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/agfy. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com:https://www.businesswire.com/news/home/20220112005968/en/
CONTACT: Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Bronstein, Gewirtz & Grossman, LLC
Copyright Business Wire 2022.
PUB: 01/12/2022 03:53 PM/DISC: 01/12/2022 03:53 PM