PR Newswire
NEW YORK, Aug. 10, 2023
NEW YORK, Aug. 10, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of MSP Recovery, Inc. f/k/a Lionheart Acquisition Corp. II ("Lionheart" or the "Company") (NASDAQ: LIFW). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Lionheart and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On August 1, 2023, after the market closed, Lionheart filed a current report in which it announced, among other things, that the Securities and Exchange Commission had initiated an investigation of the Company and its merger with Lionheart Acquisition Corporation II, among other matters, and subpoenaed various documents. Further, Lionheart announced that it had received a subpoena from federal prosecutors in connection with a grand jury investigation in the U.S. District Court for the Southern District of Florida.
On this news, Lionheart's stock price fell $0.20 per share, or 12%, to close at $0.18 per share on August 2, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP
