WM Technology, Inc. INVESTIGATION: Levi & Korsinsky Investigates Potential Securities Fraud by WM Technology, Inc. (MAPS)
NEW YORK, NY / ACCESSWIRE / October 2, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of WM Technology, Inc. ("WM Technology, Inc.") (NASDAQ:MAPS) concerning possible violations of federal securities laws.
The U.S. Securities and Exchange Commission (the "SEC") issued a litigation release on September 25, 2024. It announced that it had "charged public company WM Technology, Inc. (Nasdaq: MAPS), its former CEO, Christopher Beals, and its former CFO, Arden Lee, for making negligent misrepresentations in WM Technology 's public reporting of a self-described key operating metric, the "monthly active users," or "MAU," for WM Technology 's online cannabis marketplace." The same announcement noted that the SEC had "also instituted a related settled administrative proceeding against WM Technology" and that "WM Technology also agreed to pay a civil penalty of $1,500,000."
Following this news, WM Technology stock dropped 1.9% that same day. To obtain additional information, go to:
https://zlk.com/pslra-1/wm-technology-inc-lawsuit-submission-form?prid=106669&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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