On February 19, 2010, EGCI announced that its independent auditors withdrew its audit opinions for EGC’s financial statements for the years ended December 31, 2006, 2007, and 2008. In addition ECGI announced its financial reporting for the years ended December 31, 2006, 2007, and 2008 as well as its quarterly reports for its first three quarters of 2009 needed to be adjusted and reissued.
On the same day, the Securities and Exchange Commission (SEC) halted trading of EGC securities. As a result, class members shares are illiquid, and have suffered substantial damages.
Electronic Game Card, Inc., located in New York, is the creator of patented and proprietary interactive technology platforms the size of a credit card. EGC Game cards are mini terminals that function as prize machines for the gaming, lottery, promotions, entertainment and sports industries.
The Rosen Law Firm represents investors that fall victim to securities fraud and corporate misconduct throughout the United States.
If you want to join the litigation or discuss your rights or interests regarding this class action, please contact plaintiff’s counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm