Akazoo S.A. Investigated for Securities Law Violations; Investors Who Lost Money Are Encouraged to Contact Block & Leviton
MUSIC LICENSING INC (SONG)
Company Research
Source: GlobeNewswire
BOSTON, April 20, 2020 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a national securities litigation firm, announces that it has launched an investigation into potential securities fraud by Akazoo S.A. (NASDAQ: SONG) and certain of its officers. Investors who have lost money are encouraged to contact the firm for a free case evaluation. On April 20, 2020, Quintessential Capital gave a presentation concerning Akazoo, stating that the Company looks like an accounting scheme because its users, subscribers, revenue, and profit may be “profoundly overstated.” Quintessential Capital further stated “[w]e believe Akazoo is a scheme orchestrated by management to profit while egregiously deceiving investors.” On this news, Akazoo’s share price plummeted over 26% during intraday trading. If you purchased or acquired shares of Akazoo and have questions about your legal rights or possess information relevant to this matter, please contact Block & Leviton attorneys at (617) 3
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