|[May 22, 2014]
PEIFFER ROSCA ABDULLAH CARR & KANE LLC Files Class Action Lawsuit on Behalf of Biozoom Investors
CLEVELAND --(Business Wire)--
PEIFFER ROSCA ABDULLAH CARR & KANE LLC has filed a class action lawsuit
in the United States District Court for the Northern District of Ohio on
behalf of persons or entities who purchased the common stock of Biozoom,
Inc. from market maker KCG Americas, LLC between May 16, 2013 and June
25, 2013, inclusive (the "Class").
Please contact Peiffer Rosca Abdullah Carr & Kane LLC ("Peiffer Rosca
Law Firm") at 888-998-0520 or by email at email@example.com
to discuss this matter.
Biozoom was previously known as Entertainment Art, Inc. According to an
ongoing action by the SEC (News - Alert), between January 2013 through June 2013,
certain Argentinean nationals opened brokerage accounts at two U.S.
brokerage firms and deposited millions of shares of unregistered
Entertainment Arts stock into those accounts. On March 12, 2013,
Entertainment Art announced a dramatic change in business operations
from a company that developed fashionable leather bags to a company that
was involved in the biomedical industry. On April 1, 2013, Entertainment
Art changed its name to Biozoom and listed itself on the OTC Bulletin
Beginning on May 23, 2013, Biozoom began ssuing a series of press
releases claiming it created the world's first portable, handheld
consumer device to instantly measure certain "biomarkers" such as
anti-oxidant levels, vitamin absorption and stress levels. Those claims
were also made by certain stock promoters. Following the press releases
and stock promotion Biozoom's stock price and volume rose dramatically.
Between May 16, 2013 and June 19, 2013, the Argentinean nationals
allegedly sold millions of unregistered shares of Biozoom for large
profits. On June 25, 2013, the SEC issued a ten day trading suspension
in Biozoom stock. Thereafter, the price of Biozoom shares fell
dramatically. Plaintiff and the Class purchased their shares of Biozoom
on the OTCBB from defendant KCG Americas. They asserted claims under
Section 12(a)(1) of the Securities Act of 1933 against the defendant in
connection with the sales of the Biozoom shares.
If you are a member of the Class described above, you may move the Court
no later than 60 days from the date of this notice to serve as lead
plaintiff in the class action lawsuit. If you wish to learn more about
this action, or have any questions about this announcement or your
rights or interests with respect to this matter, please contact Alan
Rosca or Joe Peiffer at the Peiffer Rosca Law Firm, at 888-998-0520 or firstname.lastname@example.org.
Case: Corso v. KCG Americas LLC, 14-cv-01087, U.S. Dist. Ct. N.D. Ohio
About Peiffer Rosca Abdullah Carr & Kane LLC
Peiffer Rosca Abdullah Carr & Kane LLC prosecutes securities fraud and
represents investors in securities litigation and FINRA arbitrations
throughout the U.S. To learn more about the Peiffer Rosca Law Firm,
please visit our website at Investment
fraud lawyers (www.securitieslitigators.com).
[ Back To Technology News's Homepage ]