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SAN DIEGO, July 27, 2021 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Moxian, Inc. (NASDAQ: MOXC).
On July 26, 2021, Wolf Pack Research published a short-seller report on Moxian. In the report, Wolf Pack alleged that "MOXC's main operating subsidiary in China, Moxian (Shenzhen), and its purported VIE, [variable interest entity, a structure commonly used by China-based, U.S.-listed companies] Moyi Shenzhen, do not even have the licenses required to operate an online advertising business in China: MOXC claims that Moxian Technology (Shenzhen) Co., Ltd. ('Moxian Shenzhen') is its main operating entity in China, selling online advertising services in China to foreign companies through its purported VIE, Shenzhen Moyi Technologies Co. Ltd. ('Moyi Shenzhen')."
If you have information that could assist in this investigation, including past employees and others, or if you are a Moxian shareholder and are interested in learning more about the investigation, please contact Jim Baker (firstname.lastname@example.org) by email or phone at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson Fistel, LLP
Jim Baker, 619-814-4471
SOURCE Johnson Fistel, LLP