Investigation 

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Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Magnite, Inc. ("Magnite" or "the Company") (NASDAQ: MGNI). The investigation concerns whether Magnite and certain of its officers and/or directors have violated federal securities laws.

 

On January 7, 2021, analyst Spruce Point Capital Management (“Spruce Point”) published a research report concerning Magnite.  The Spruce Point report asserted that the Company’s “investors are being misguided by Magnite’s growth prospects and see 25%-50% downside,” and that Magnite “continued to mask challenges with inaccurate financial reporting.”  On this news, Magnite’s stock price fell $1.70 per share, or 6.22%, to close at $25.61 per share on January 7, 2021.

 

If you are aware of any facts relating to this investigation, or purchased Magnite shares, you can assist this investigation by visiting contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

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Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.