ALFI INITIATED SURVEY b – GuruFocus.com

Former Louisiana Attorney General Charles C. Foti, Jr., Esq., partner at the law firm Kahn Swick & Foti, LLC (“KSF”), announces that KSF has opened an investigation into Alfi, Inc. (“Alfi” or the “Company”) (NasdaqCM: ALF).

On October 28, 2021, the company disclosed that it had placed “each of Paul Pereira, the company’s president and chief executive officer, Dennis McIntosh, the company’s chief financial officer and treasurer, and Charles Pereira, chief technology officer of company, on administrative leave pay” and further that he had “authorized an independent internal investigation into certain corporate transactions and other matters”. Then, on November 16, 2021, the company disclosed that it was unable to timely file its 10-Q Quarterly Report for the quarter ended September 30, 2021 due to “recent changes in [CEO] and [CFO] and chair of the audit committee” as well as requiring “a new independent registered public accounting firm“.

Subsequently, the Company and certain of its officers were sued in a securities class action lawsuit, accusing them of failing to disclose material information during the Class Period in violation of federal securities laws. securities, which are still ongoing.

KSF’s investigation focuses on whether Alfi’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.

If you have information that may help KSF in its investigation, or if you have long held Alfi shares and wish to discuss your legal rights, you may, at no obligation or cost to you, call toll-free 1-877 – 515-1850 or email Lewis Kahn, KSF Managing Partner ([email protected]), or visit https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnasdaqcm-alf%2F to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – in seeking recoveries for investment losses resulting from corporate fraud or malfeasance by listed companies. KSF has offices in New York, California, Louisiana and New Jersey.

To learn more about KSF, you can visit www.ksfcounsel.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220812005451/en/

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