DEADLINE ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in 6D Global Technolo...
03 Dezember 2015 - 10:33PM
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been
commenced in the United States District Court for the Southern
District of New York on behalf of purchasers of 6D Global
Technologies, Inc. (Nasdaq:SIXD) or its predecessor CleanTech
Innovations, Inc. (Nasdaq:CTEK) (“6D” or the “Company”) securities
during the period between November 3, 2010 and September 10, 2015,
inclusive (the “Class Period”). Investors who wish to become
proactively involved in the litigation have until December 14, 2015
to seek appointment as lead plaintiff.
If you have suffered a loss from investment in 6D
securities purchased on or after November 3, 2010 and held through
the revelation of negative information during and/or at the end of
the Class Period, as described below, and would like to learn more
about this lawsuit and your ability to participate as a lead
plaintiff, without cost or obligation to you, please visit our
website at
http://www.browerpiven.com/currentsecuritiescases.html. You
may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. No class has yet been certified in the above
action. Members of the Class will be represented by the lead
plaintiff and counsel chosen by the lead plaintiff.
If you wish to choose counsel to represent you and
the Class, you must apply to be appointed lead plaintiff and be
selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether
to accept a settlement for the Class in the action. The lead
plaintiff will be selected from among applicants claiming the
largest loss from investment in Company securities during the Class
Period. Brower Piven also encourages anyone with information
regarding the Company’s conduct during the period in question to
contact the firm, including whistleblowers, former employees,
shareholders and others.
The complaint accuses the defendants of violations
of the Securities Exchange Act of 1934 by virtue of the defendants’
failure to disclose during the Class Period that the Company’s lack
of internal controls allowed Defendant and Company founder Benjamin
Wei (“Wei”) to exert influence and control over the Company, that
the Company engaged in improper and undisclosed material related
party transactions and that Defendants were engaged in a scheme to
manipulate the Company’s stock price.
According to the complaint, following the
September 8, 2015 indictment and September 10, 2015 arrest of Wei
for securities fraud and the September 10 filing by the Securities
and Exchange Commission of a civil action against Wei and New York
Global Group (“NYGG”) for their roles in the fraudulent scheme to
obtain and profit from undisclosed, controlling ownership interests
in several U.S. companies spawned via reverse mergers, including 6D
Global Technologies, which were secretly controlled by Wei and
NYGG, trading in 6D Global Technologies was halted.
Attorneys at Brower Piven have extensive experience
in litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s. If
you choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time
to be a member of the class.
CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
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