Investigation Overview
An investigation on behalf of investors of Longfin Corp (NASDAQ:LFIN) shares over potential securities laws violations by Longfin Corp and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Longfin Corp (NASDAQ:LFIN) concerning whether a series of statements by Longfin Corp regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
New York based Longfin Corp is a finance and technology company. Shares of Longfin Corp (NASDAQ:LFIN) declined from $87.74 per share on December 19, 2017 to as low as $36.76 per share on December 22, 2017.