Recent Security Class Actions

Plaintiff's law firm issued a press release on March 29, 2019 announcing the filing of the lawsuit. The Complaint alleges that during the Class Period, Defendants were engaged in an undisclosed pump and dump scheme that manipulated and artificially inflated the price of First Choice common stock, and failed to disclose their involvement, rendering certain of their public statements materially misleading.

Defendants filed a Motion to Dismiss the Complaint on April 30, 2019. On June 27, the Court issued an Order appointing Lead Plaintiff and Counsel. On February 14, 2020, the Court issued an Order denying Defendants' Motion to Dismiss. The parties notified the Court that they had reached an agreement-in-principle to Settle on May 28.