MGNI EQUITY ALERT: ROSEN, TOP RANKED INVESTOR COUNSEL, Announces Investigation of Securities Claims Against Magnite, Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm – MGNI, TLRA, RUBI
NEW YORK, Jan. 9, 2021 /PRNewswire/ — Rosen Legislation Agency, a worldwide investor rights regulation agency, publicizes an investigation of potential securities claims on behalf of shareholders of Magnite, Inc. (NASDAQ:MGNI) f/ok/a Telaria, Inc. (NYSE:TLRA) and/or Rubicon Challenge (NYSE:RUBI) ensuing from allegations that Magnite might have issued materially deceptive enterprise data to the investing public.
On January 7, 2021, Spruce Level Administration launched a report detailing Magnite’s doubtful enterprise practices and doubtlessly deceptive monetary statements. Particularly, Spruce Level’s report mentioned: (1) Telaria’s enterprise woes previous to its merger with Rubicon to create Magnite; (2) Rubicon’s enterprise woes previous to its merger with Telaria; (3) discrepancies in Telaria’s 2019 Capital Expenditures; (4) Magnite eradicating almost $9.3 million in “Different Property” following the merger; (5) Magnite’s misrepresentation relating to its “Provide Path Optimization,” initially describing 2019 as a interval of “acceleration” however later calling it “gradual”; and (6) Magnite’s questionable monetary reporting methodology which can be hiding indicators of monetary challenges for Telaria.
On this information, Magnite shares fell $1.70 per share, or 6.2%, from closing at $27.31 on January 6, 2021, to shut at $25.61 on January 7, 2021.
Rosen Legislation Agency is making ready a securities lawsuit on behalf of Magnite shareholders. In case you bought securities of Magnite please go to the agency’s web site at http://www.rosenlegal.com/cases-register-2019.html to affix the securities motion. You may additionally contact Phillip Kim of Rosen Legislation Agency toll free at 866-767-3653 or by way of e-mail at [email protected] or [email protected].
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Rosen Legislation Agency represents buyers all through the globe, concentrating its follow in securities class actions and shareholder by-product litigation. Rosen Legislation Agency was Ranked No. 1 by ISS Securities Class Motion Services for variety of securities class motion settlements in 2017. The agency has been ranked within the high 3 annually since 2013. Rosen Legislation Agency has achieved the most important ever securities class motion settlement in opposition to a Chinese language Firm. Rosen Legislation Agency’s attorneys are ranked and acknowledged by quite a few impartial and revered sources. Rosen Legislation Agency has secured a whole bunch of tens of millions of {dollars} for buyers.
Lawyer Promoting. Prior outcomes don’t assure an identical end result.
Contact Info:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Legislation Agency, P.A.
275 Madison Avenue, 40th Ground
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
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