LOS ANGELES, CA / ACCESSWIRE / February 19, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Riot Blockchain, Inc.("Riot" or "the Company") (NASDAQ: RIOT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on the February 16, 2018, CNBC report that Riot Blockchain's cryptocurrency business raises numerous "red flags." According to CNBC, the company was formerly known for having a veterinary product patent and developing new ways to test for disease until October 2017 when it changed its name. CNBC reported that other "questionable moves" included: (1) annual meetings being postponed at the last minute; (2) insider selling soon after the name change; (3) dilutive issuances on favorable terms to large investors; and (4) evidence the company "had no reservations" to hold its "twice 'adjourned'" annual meeting at the Boca Raton Resort and Club in Florida.
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We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
www.schallfirm.com
SOURCE: The Schall Law Firm
