INVESTIGATION: Block & Leviton Is Investigating Peak Fintech Group For Potential Securities ...
BOSTON, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Peak Fintech Group, Inc. (NASDAQ: TNT) for potential securities law violations. Investors who have lost money in their Peak Fintech Group, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/tnt.
What is this all about?
On October 4, 2021, Grizzly Research released a report alleging revenue inflation and suspicious acquisitions by Peak Fintech Group, Inc. The report highlighted Peak Fintech’s acquisition of Heartbeat, a Chinese insurance company, where Peak paid a company that was not the registered owner of Heartbeat. Additionally, the actual registered owner of Heartbeat reported no revenue in both 2019 and 2020. Peak Fintech Group, Inc. stock was halted from trading for 11 days due to filing deficiencies.
On this news, shares of Peak Fintech Group fell over 17% on October 4, 2021.
Who is eligible?
Anyone who purchased Peak Fintech Group, Inc. stock and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation’s top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email firstname.lastname@example.org with any questions.
This notice may constitute attorney advertising.
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
SOURCE: Block & Leviton LLP