April 11, 2014
/PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Central District of
on behalf of investors who purchased CytRx Corporation ("CytRx" or the "Company") (NasdaqCM: CYTR) common stock between
November 22, 2013
March 13, 2014
For more information, click here:
The complaint alleges that the Company, its CEO, and two stock promotion firms made misleading statements and/or failed to disclose that numerous articles praising CytRx stock were paid stock promotions. The complaint alleges that these allegedly undisclosed promotions led to the artificial inflation of CytRx stock. On
March 13, 2014
, an article on the website
asserted that certain articles touting CytRx stock were in fact undisclosed paid promotional articles by the investor relations firm The Dream Team Group, and that, furthermore, during the "peak of the promotion" the Company issued
in new equity.
If you suffered a loss in CytRx you have until
May 13, 2014
to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact
Joseph E. Levi, Esq.
either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in
The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP