NEW YORK, July 06, 2020 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of J2 Global, Inc. (NASDAQ: JCOM) resulting from allegations that J2 may have issued materially misleading business information to the investing public.
On June 30, 2020, Hindenburg Research issued a report that detailed a series of alarming red flags about J2. The report alleged that “J2 is a digital media roll-up that has acquired 186 businesses since its inception.” The report went on to state that “J2’s opaque acquisition approach has opened the door to egregious insider self-enrichment, which we approximate totals $117 million to $172 million based on publicly available information.”
Following this news, the price of J2 common shares fell $6.29, or 9%, to close at $63.21 per share on June 30, 2020.
Rosen Law Firm is preparing a securities lawsuit on behalf of J2 shareholders. If you purchased securities of J2 please visit the firm’s website at http://www.rosenlegal.com/cases-register-1893.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
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New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
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