6D Global Technologies, Inc. Lawsuit Details
Gilman Law LLP announces that a class action lawsuit has been filed against 6D Global Technologies, Inc. (“6D Global” or the “Company”)(SIXD) , its alleged controlling shareholder, Benjamin Wei, and certain officers and directors of the Company.
The Complaint was brought on behalf of a class of shareholders of 6D Global or its predecessor, CleanTech Innovations, Inc. (NASDAQ:CTEK), and alleges that the named Defendants issued materially false and misleading statements to investors and/or failed to disclose that: (1) the Company had deficient internal controls that allowed Benjamin Wei to exert improper influence and control over the Company, (2) the Company was engaged in improper and undisclosed material related party transactions, and (3) Defendants were engaged in a scheme to manipulate the Company’s stock price.
On September 8, 2015, the Department of Justice indicted Wei, the founder of New York Global Group, for securities fraud. On September 10, 2015, the Securities and Exchange Commission filed a civil action against Wei and New York Global Group for their roles in the alleged fraudulent scheme to obtain and profit from undisclosed, controlling ownership interests in several U.S. companies, including 6D Global.
Following these events, NASDAQ halted trading in 6D Global on September 10, 2015.
We are encouraging shareholders who invested in 6D Global and currently hold any of those shares to contact our office for a free consultation by submitting our free consultation form online or calling our office toll free at (888)-252-0048.
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About the Shareholder Rights Law Firm of Gilman Law LLP
Gilman Law LLP, a leading financial law firm, has been recognized for delivering successful results to their clients across a broad range of claims stemming from securities class actions and derivative actions. For over 35 years, the Gilman Law LLP team of highly experienced lawyers has earned renown for tireless work on behalf of their clients on many of today’s most challenging and important legal issues.
Contact: Kenneth G. Gilman