SoftBank Group Corp. (SFTBY)

Investigation 

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

 

On March 24, 2021, the short seller research site PlainSite posted a letter from the U.S. Securities and Exchange Commission (“SEC”) on Twitter, in response to a December 2020 Freedom of Information Act (“FOIA”) request, which revealed that SoftBank was the subject of an ongoing SEC investigation.  The initial FOIA request sought information related to SoftBank’s trading of the securities of companies controlled by SoftBank Chief Executive Officer Masayoshi Son.  On this news, SoftBank’s stock price fell $2.30 per share, or 5.12%, to close at $42.65 per share on March 24, 2021.

 

If you are aware of any facts relating to this investigation, or purchased SoftBank 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. 

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.

© 2020 Bronstein, Gewirtz & Grossman, LLC

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BG&G is not affiliated to any of these companies. All respective trademarks are owned by the respective companies.