SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In RiT Technologies Ltd. To Contact The Firm Before Lead Plaintiff Deadline
RIT TECHNOLOGIES LTD (RITT)
Company Research
Source: PR Newswire
NEW YORK, Sept. 21, 2016 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in RiT Technologies Ltd. ("RiT" or the "Company") (OTC: RITT) of the September 26, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers. The lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all those who purchased RiT securities between March 3, 2015 and July 1, 2016 (the "Class Period"). The case, PADGETT v. RIT TECHNOLOGIES LTD. et al, No. 2:16-cv-04579 was filed on July 28, 2016, and has been assigned to Judge Kevin Charles McNulty.The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failed to disclose that: (1) RiT CIS was RiT Technologies' major distributor in Russia and the CIS region; (2) RiT CIS was vital to the viability of RiT Techn
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