Global Tech Industries Group, Inc. retains Christian Levine Law Group to investigate possible naked short selling.
Global Tech Industries Group announced a service agreement with The Christian Levine Law Group and Warshaw Burstein, LLP to investigate potential market manipulation of its common stock. The company suspects it may have been targeted by a naked short selling scheme. The legal firms have a strong track record, having secured millions in damages for clients affected by similar issues. This step could potentially uncover illegal trading activities affecting the stock's performance over the past two years.
- Engagement of reputable law firms with a proven history in prosecuting market manipulation cases.
- Potential recovery of damages if market manipulation is proven.
- Accusations of market manipulation may indicate underlying issues with stock stability or credibility.
- Ongoing legal proceedings could incur significant costs and divert management focus.
New York, NY, Nov. 30, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that its board of directors approved and instructed management to negotiate and execute a service agreement with The Christian Levine Law Group, as well as Warshaw Burstein, LLP, to review the trading history of the Company’s common stock for the past two years. The Company believes it may have been the target of a market manipulation scheme involving naked short selling of its common stock. According to various publicly disclosed sources, these two firms, during the past 22 years, have successfully prosecuted and collected millions of dollars in aggregate damages on behalf of their clients from broker-dealers, market-makers, hedge funds, and asset-based lenders who have engaged in such market manipulation schemes.
About GTII: GTII is a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies. Visit GTII here https://gtii-us.com/.
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Global Tech Industries Group, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com
FAQ
What is GTII doing about suspected market manipulation?
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