PXYN Class Action Suit
.01 | Lead Plaintiffs Sought
March 31, 2015
We are seeking one or more lead plaintiffs in a proposed class action securities lawsuit against Praxsyn Corporation (OTCQB: PXYN), located in Irvine, California, and its officers, directors and former officers and directors. The lead plaintiff(s) would be a person or persons who purchased Praxsyn Corporation common stock in the months of February, March, April or May 2014, when the common stock reached highs of $.09 to $.24 per share, and who suffered losses as a result of such purchase. PXYN is currently trading at less than $.04 per share.
PYXN has stated its 10-K will be late, but that its 2014 results are similar to 2013.
The basis of the litigation is expected to be the alleged material deficiencies in PXYN's reports filed with the SEC, alleged misleading press releases and alleged promotional statements made by other parties on behalf of the issuer and selling shareholders, and trading practices alleged to be manipulative with respect to the PYXN common stock.
Lead plaintiffs cannot receive any special compensation for acting as such. This press release is not a solicitation to provide legal services. We are not a law firm; rather, it may refer one or more non-affiliated law firms to the lead plaintiff(s) but will not receive a referral fee in connection therewith. Email admin @ this website if you think you could be a lead plaintiff.