Monaker Group, Inc. (f/k/a Next 1 Interactive, Inc.) Securities Litigation
On or around 09/26/2018 (Court's order of dismissal)
Filing Date: December 09, 2016
According to a law firm's press release, the complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is April 6, 2012 through June 23, 2016.
Defendants filed a Motion to Dismiss the case on February 16, 2017. On January 24, 2018, the Court issued an Order granting Defendants' Motions to Dismiss. Plaintiffs were given leave to file an amended Complaint. Plaintiffs filed an amended Complaint on February 22, 2018. Defendants filed a Motion to Dismiss the amended Complaint on March 29. On September 25, Plaintiffs voluntarily dismissed this case.
Company & Securities Information
Defendant: Monaker Group, Inc.
Sector: Consumer Cyclical
Industry: Recreational Products
Headquarters: United States
Ticker Symbol: MKGI
Company Market: OTC-BB
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
William McCleod, et al. v. Monaker Group, Inc., et al.