Swvl Holdings Corp. (SWVL) Investors with Losses are Urged to Contact Levi & Korsinsky to Discuss Their Rights
NEW YORK, NY / ACCESSWIRE / September 19, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Swvl Holdings Corp. ("Swvl Holdings Corp.") (NASDAQ:SWVL) concerning possible violations of federal securities laws.
Wolfpack Research ("Wolfpack") published a report on September 17, 2024, entitled "SWVL, a ‘Transportation-as-a-Service ' Start-up Appears to Be a Few Breaths Away from Bankruptcy". Citing "research into the company, including on-the-ground due diligence in Egypt", the Wolfpack report alleged, among other things, "that SWVL 's operations are grinding to a halt as they run out of money" and that very few rides appeared to be available on the Company 's bus-sharing app in Cairo, Swvl 's primary market.
Following this news, Swvl 's stock price fell over 43% on September 17, 2024. To obtain additional information, go to:
https://zlk.com/pslra-1/swvl-holdings-corp-lawsuit-submission-form?prid=103916&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY:Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services ' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE:Levi & Korsinsky, LLP
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