Platinum Pari-Mutuel Holdings Inc. Securities Litigation
On or around 12/21/2017 (Court's order of dismissal)
Filing Date: March 03, 2017
According to the law firm press release, the lawsuit alleges throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Platinum Pari-Mutuel’s press releases and financial information lacked veracity; (2) Platinum Pari-Mutuel’s disclosure controls and procedures were inadequate; and (3) as a result, Defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
On August 24, 2017, this case was ordered administratively terminated pending settlement. The Court issued an Order dismissing the case with prejudice on December 21.
Company & Securities Information
Defendant: Platinum Pari-Mutuel Holdings Inc.
Industry: Computer Services
Headquarters: United States
Ticker Symbol: PPMH
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
Daniel Zampirri, et al. v. Platinum Pari-Mutuel Holdings Inc., et al.