New York, New York--(Newsfile Corp. - May 20, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of SCWorx Corp. (NASDAQ: WORX) alleging that the Company violated federal securities laws.
Class Period: April 13, 2020 and April 17, 2020
Lead Plaintiff Deadline: June 29, 2020
Learn more about your recoverable losses in DNK:
The filed complaint alleges that SCWorx Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) SCWorx's supplier for COVID-19 tests had previously misrepresented its operations; (2) SCWorx's buyer was a small company that was unlikely to adequately support the purported volume of orders for COVID-19 tests; (3) as a result, the Company's purchase order for COVID-19 tests had been overstated or entirely fabricated; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Shareholders have until June 29, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the WORX lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/56256