LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation on behalf of Akazoo S.A. ("Akazoo" or the Company") (NASDAQ: SONG) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On April 20, 2020, Quintessential Capital gave a presentation regarding Akazoo, stating that the Company looks like an accounting scheme because its users, subscribers, revenue, and profit may be "profoundly overstated."
On this news, Akazoo's share price fell as much as $0.71, or over 26%, during intraday trading on April 20, 2020.
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If you purchased Akazoo securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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