The complaint filed against the firm centers on claims that insiders engaged in a spoofing scheme, artificially inflating the appearance of market demand for its securities. By creating this false impression of activity, the company allegedly issued statements to the public that were materially misleading, impacting shareholder decisions throughout the three-year class period.
The DJS Law Group, which is spearheading the effort, has set an August 28, 2026, deadline for investors to seek appointment as lead plaintiff. While the firm emphasizes its aggressive advocacy and history of representing hedge funds, it notes that individual shareholders do not need to assume a lead role to participate in any eventual recovery. Those who suffered losses are encouraged to contact David J. Schwartz at the firm’s Eastchester, New York office to review their legal standing under the ongoing proceedings.
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