An investigation for investors in OTCMKTS:SIXD,NASDAQ:SIXD shares was announced over potential breaches of fiduciary duties by certain directors at 6D Global Technologies.
Investors who purchased shares of 6D Global Technologies Inc (OTCMKTS:SIXD, formerly NASDAQ:SIXD) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain 6D Global Technologies directors breached their fiduciary duties and caused damage to the company and its shareholders.
On September 8, 2015, the DOJ indicted the CEO of New York Global Group, Benjamin Wey, on charges of securities fraud, stock manipulation, money laundering, and wire fraud. Then two days later Benjamin Wey was arrested and the SEC filed a civil action against him, New York Global Group, and certain other defendants for their roles in an alleged fraudulent scheme to obtain and profit from undisclosed, controlling ownership interests in several U.S. companies spawned via “reverse Chinese mergers,” including 6D Global, that were secretly controlled by Benjamin Wey and New York Global Group.
On October 13, 2015, a lawsuit was filed against 6D Global Technologies Inc over alleged securities laws violations. The plaintiff claimed that the defendants issued certain materially false and misleading statements to investors and/or failed to disclose that 6D Global Technologies Inc had deficient internal controls, that the lack of internal controls allowed Defendant Benjamin Wei to exert influence and control over the Company, that 6D Global Technologies Inc was engaged in improper and undisclosed material related party transactions, that the Defendants were engaged in a scheme to manipulate the Company’s stock price, and that as a result, the Company’s public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased NASDAQ:SIXD shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com