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Tuesday, June 28, 2022 Tue, Jun 28, 2022

Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Alfi, Inc. (NasdaqCM: ALF) on behalf of stockholders (Stockhouse)

A class action complaint has been filed against Alfi, which alleges that defendants made false and/or misleading statements and/or failed to disclose that: (i) Alfi maintained deficient disclosure controls and procedures and internal control over financial reporting; (ii) as a result, Alfi and its employees could and did engage in corporate transactions and other matters without sufficient and appropriate consultation with or approval by Alfi's Board of Directors; (iii) the foregoing increased the risk of internal and regulatory investigations into Alfi and its employees; (iv) all the foregoing, once revealed, was likely to have a material negative impact on Alfi's reputation, financial condition, and ability to timely file periodic reports with the SEC; and (v) as a result, Alfi's public statements were materially false and misleading. […]

stockhouse.com
Tue, Jun 28, 2022 at 5:52 PM

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