Class Action Filed on Behalf of Biozoom Investors by the Peiffer Rosca Securities Lawyers
Cleveland, OH – The Peiffer Rosca law firm’s securities practice lawyers, Jason Kane and Joe Peiffer, have filed a class action on behalf of certain investors who purchased shares in Biozoom between May 16, 2013 and June 25, 2013, inclusive.
The Biozoom class action was filed in the United States District Court for the Northern District of Ohio on behalf of persons who purchased Biozoom from market maker KCG Americas, LLC (the “Class”).
Biozoom investors may contact attorneys Jason Kane or Joe Peiffer at the Peiffer Rosca law firm, toll free at (585) 310-5140 or by email email@example.com to learn more about the Biozoom lawsuit and find out whether or not they may qualify.
Biozoom was subject to an alleged “pump-and-dump” by a group of Argentinean nationals between May – June 2013, according to a pending case filed by the Securities and Exchange Commission against alleged promoters.
Starting on May 23, 2013, Biozoom issued several press releases claiming it created the world’s first portable device that could instantly measure certain “biomarkers” in the human body. A week earlier the company had begun trading on the OTC Bulletin Board under the symbol BIZM. Following the press releases and intense stock promotion the Biozoom share price and trading volume soared. The Argentinean nationals dumped their shares into the market at the high prices, according to the SEC’s lawsuit.
The SEC suspended the Biozoom shares from trading for ten days, starting on June 25, 2013. When trading reopened, the Biozoom shares dropped to mere pennies. Plaintiff and the Class purchased their shares from defendant KCG America. They asserted claims under Section 12(a)(1) of the Securities Act of 1933 against the defendant, in connection with the sales of the Biozoom shares.
If you are a member of the Class described above, you may move the Court no later than sixty days from the date of this release to serve as lead plaintiff in the class action lawsuit.
Not all investors will qualify for this Biozoom case. Investors looking to recover Biozoom losses are encouraged to contact the Peiffer Rosca attorneys no later than June 20, 2014 for a free evaluation of their recovery options, toll free at (585) 310-5140 or via email at firstname.lastname@example.org.
If you wish to learn more about this action, or have any questions about this announcement or your rights or interests with respect to this matter, please contact Jason Kane at Peiffer Rosca at email@example.com or (585) 310-5140.
About Peiffer Rosca Abdullah Carr & Kane LLC
Peiffer Rosca Abdullah Carr & Kane LLC prosecutes securities fraud and represents investors in FINRA arbitrations throughout the U.S. To learn more about Peiffer Rosca, please visit our website at www.securitieslitigators.com .