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SIXD.US

6D Global Technologies (SIXD) Investors $0.26M Settlement

Claim deadline for this case already passed by, but we can still try and file for compensation for you
S.D. New York
Court
15-CV-8061-DLC
Case number
16 Jun 2014
Class period Start
10 Sept 2015
Class period End
06 Sept 2023
Claim deadline
6D Global Technologies (SIXD) will settle with investors $260,000, before any deductions, to pay claims of investors who purchased 6D Global securities during the Settlement Class Period.

The lawsuit alleged that throughout the Class Period, Defendants had issued materially false and misleading statements to investors and/or failed to disclose important information, such as:
(1) the Company had deficient internal controls,
(2) the lack of internal controls allowed Defendant to exert influence and control over the Company,
(3) the Company was engaged in improper and undisclosed material related-party transactions,
(4) Defendants were engaged in a scheme to manipulate the Company’s stock price, and
(5) as a result, the Company’s public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times. The lawsuit claimed that investors suffered damages when the true details entered the market.
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Filing date
13 October 2015
Plaintiffs
Sixto Castillo, IV
Attorneys
The Rosen Law Firm P.A. (New York, NY)
Defendants
Benjamin Tianbing Wei, Tejune Kang, Mark Szynkowski, Terry McEwen
Judge
Hon. Robert W. Sweet
Administrator
Strategic Claims Services
Court hearing date
06 October 2023
Exclusion deadline
15 September 2023
Objection deadline
15 September 2023
+$260,000
Total Settlement Amount
Created by Stan Vick, Scout

6D Global Technologies Inc

6D Global Technologies, Inc. provides digital business solutions serving the digital marketing and technology needs of global organizations worldwide. The company's service portfolio includes mobil...

    Ticker
    SIXD.US
    ISIN
    US83002F1003
    CIK
    1382219
    Country
    USA
    Address
    1500 Broadway, New York, NY, United States, 10036