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SIXD.US
id: 661, Created by Stan Vick Chase, Scout
6D Global Technologies (SIXD) Investors $0.26M Settlement
Pending settlement
How it works?
- Company agreed to pay compensation to its investors, to avoid further litigation
- We help you to prepare documents and file for compensation
- No credit-card required
16 June 2014
Class period Start10 September 2015
Class period End06 September 2023
Claim deadlineHow it works?
- Company agreed to pay compensation to its investors, to avoid further litigation
- We help you to prepare documents and file for compensation
- No credit-card required
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
Case number
15-CV-8061-DLC
Filing date
13 October 2015
Lead plaintiff
Sixto Castillo, IV
Attorney
The Rosen Law Firm P.A. (New York, NY)
Defendants
Benjamin Tianbing Wei, Tejune Kang, Mark Szynkowski, Terry McEwen
Court
Southern District of New York
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