NEW YORK, NY / ACCESSWIRE / March 31, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of AG Mortgage Investment Trust, Inc. ("AG Mortgage" or "the Company") (MITT). Investors who purchased AG Mortgage securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/mitt.
The investigation concerns whether AG Mortgage and certain of its officers and/or directors have violated federal securities laws.
On March 27, 2020, AG Mortgage issued a press release disclosing that "[s]ince March 23, 2020, the Company and several of its subsidiaries have received notifications from several financing counterparties of alleged events of default under their financing agreements, and of certain of those counterparties' intentions to accelerate the Company's and such subsidiaries' performance obligations under the relevant agreements." AG Mortgage advised investors that "in the event of a default under one or more of those agreements, financial and other obligations under such agreements, and in some cases the Company's obligations as a guarantor, may be accelerated and the counterparties may take ownership of the securities pledged to secure the financing obligations by the Company or its subsidiaries" and that "[t]he Company and its subsidiaries also may be subject to penalties under those agreements and may suffer cross-default claims from its other lenders." On this news, AG Mortgage's stock price fell $1.20 per share, or 30.38%, to close at $2.75 per share on March 30, 2020.
If you are aware of any facts relating to this investigation, or purchased AG Mortgage shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/mitt. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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