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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of SCWorx Corp. (NASDAQ: WORX) from April 13, 2020 through April 17, 2020 (the “Class Period”). The lawsuit seeks to recover damages for SCWorx Corp. investors under the federal securities laws.
If you bought SCWorx Corp. securities between April 13, 2020 through April 17, 2020, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against SCWorx Corp. – WORX
New York, N.Y., May 6, 2020. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of SCWorx Corp. (NASDAQ: WORX) between April 13, 2020 and April 17, 2020, inclusive (the “Class Period”).
To join the WORX class action, go to http://zhanginvestorlaw.com/cases/scworx-corp/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. LEAD PLAINTIFF STATUS IS NOT REQUIRED TO OBTAIN COMPENSATION.
According to the lawsuit, throughout the Class Period (1) SCWorx’s supplier for COVID-19 tests had previously misrepresented its operations; (2) SCWorx’s buyer was a small company that was unlikely to adequately support the purported volume of orders for COVID-19 tests; (3) as a result, the Company’s purchase order for COVID-19 tests had been overstated or entirely fabricated; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 29, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/scworx-corp/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.