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.

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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 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]

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SOURCE Rosen Legislation Agency, P.A.

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Huynh Nguyen

My name is Huynh and I am a full-time online marketer.

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