-
You must submit the settlement Proof form attached below, in order to participate in this settlement. There is a strict deadline of September 11, 2018 by which all claims must be submitted. The instructions for submitting are included in the Proof and the Notice files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, INC.
-
To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Lawsuit Overview
Settlement Overview
You must register to view and download the Settlement Notice and Settlement Proof.
June 29, 2018 - The court preliminarily approved the settlement.
March 27, 2018 - A stipulation of settlement was filed by the parties.
April 19, 2018 - The court denied the defendants' motion to dismiss.
March 2, 2018 - A motion to dismiss the amended complaint was filed.
January 16, 2018 - An amended complaint was filed.
April 17, 2017 - An investor in shares of Alliance MMA Inc (NASDAQ: AMMA) filed a lawsuit in the U.S. District Court for the District of New Jersey over alleged violations of Federal Securities Laws by Alliance MMA Inc in connection with certain allegedly false and misleading statements made in connection with Alliance MMA Inc’s initial public offering (“IPO”) on or about October 6, 2016.
According to the complaint the plaintiff alleges on behalf of purchasers of Alliance MMA Inc (NASDAQ: AMMA) securities pursuant and/or traceable to Alliance MMA Inc’s initial public offering on or about October 6, 2016, that the defendants violated Federal Securities Laws.
More specifically, the plaintiff claims that the defendants in connection with Alliance MMA Inc’s initial public offering made allegedly false and/or misleading statements and/or failed to disclose that the condensed consolidated financial statements for the three months ended June 30, 2016 could not be relied upon because of an error in recognizing as compensation transfers of common stock by an affiliate of Alliance MMA Inc to individuals who were at the time of transfer, or subsequently became, officers, directors or consultants of Alliance MMA Inc, that the condensed consolidated financial statements for the six months ended June 30, 2016 could not be relied upon because of an error in recognizing as compensation transfers of common stock by an affiliate of Alliance MMA Inc to individuals who were at the time of transfer, or subsequently became, officers, directors or consultants of Alliance MMA Inc, and that as a result, defendants’ statements about Alliance MMA Inc’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. New York based Alliance MMA Inc is a mixed martial arts organization offering the premier developmental league for mixed martial arts (MMA) fighters to advance to the sport's highest level of professional competition.
On March 31, 2017, Alliance MMA Inc announced that it would be unable to timely file its Form 10-K for the period ended December 31, 2016 due to efforts to resolve certain matters relating to non-cash compensation expenses incurred prior to its initial public offering on September 30, 2016.
On April 12, 2017, Alliance MMA Inc revealed that its previously issued condensed consolidated financial statements for the nine months ended September 30, 2016, for the quarter ended September 30, 2016 and for the three and six months ended June 30, 2016 should no longer be relied upon because of an error in recognizing as compensation transfers of common stock by an affiliate of Alliance MMA Inc to individuals who were at the time of transfer, or subsequently became, officers, directors or consultants of Alliance MMA Inc.