SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Viking Investments Group, Inc. (VKIN)

NEW YORK, Oct. 27, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities Viking Investments Group, Inc. ("Viking" or the "Company") (OTCMKT: VKIN). Such investors are advised to contact Peretz Bronstein or his investor relations analyst Yael Hurwitz at [email protected] or 212-697-6484.  

The investigation concerns whether Viking and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On July 7, 2016, Viking Investments Group revealed the resignation of its CFO and a member of its Board of Directors, Cecile Guangfang Yang. Following this news, Viking stock dropped $0.10 per share or about 34% to close at $0.19 per share on July 7, 2016. Then on October 13, 2016, Viking announced the resignation of its independent registered public accounting firm, which specified in a letter to Viking that: (1) it alleged an illegal act transpired; (2) its financial statements audit report as of and for the year ended December 31, 2015 and its interim review for the three-month period ending September 30, 2015 should no longer be relied upon; and (3) Viking's Form 10-Q for the three-month period ended March 31, 2016, and Form 10-Q for the six-month period ended June 30, 2016 should also no longer be relied upon. Following this news, Viking stock dropped $0.03 per share or 20% to close at $0.12 per share on October 14, 2016.

If you are aware of any facts relating to this investigation, or purchased shares Viking on or before October 13, 2016, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/vkin. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email [email protected].  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

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.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

Related Links

http://www.bgandg.com