First Choice Healthcare Solutions, Inc. Securities Litigation
On or around 05/28/2020 (Date of last review)
Filing Date: March 29, 2019
Plaintiff's law firm issued a press release on March 29, 2019 announcing the filing of the lawsuit. The Complaint alleges that during the Class Period, Defendants were engaged in an undisclosed pump and dump scheme that manipulated and artificially inflated the price of First Choice common stock, and failed to disclose their involvement, rendering certain of their public statements materially misleading.
Defendants filed a Motion to Dismiss the Complaint on April 30, 2019. On June 27, the Court issued an Order appointing Lead Plaintiff and Counsel. On February 14, 2020, the Court issued an Order denying Defendants' Motion to Dismiss. The parties notified the Court that they had reached an agreement-in-principle to Settle on May 28.
Company & Securities Information
Defendant: First Choice Healthcare Solutions, Inc.
Industry: Healthcare Facilities
Headquarters: United States
Ticker Symbol: FCHS
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
MAZ Partners LP, et al. v. First Choice Healthcare Solutions, Inc., et al.