{"id":411394,"date":"2021-01-08T16:59:41","date_gmt":"2021-01-08T21:59:41","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411394"},"modified":"2021-01-08T16:59:41","modified_gmt":"2021-01-08T21:59:41","slug":"the-law-offices-of-frank-r-cruz-announces-investigation-of-magnite-inc-mgni-on-behalf-of-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-announces-investigation-of-magnite-inc-mgni-on-behalf-of-investors\/","title":{"rendered":"The Law Offices of Frank R. Cruz Announces Investigation of Magnite, Inc. (MGNI) on Behalf of Investors"},"content":{"rendered":"

<\/p>\n

The Law Offices of Frank R. Cruz Announces Investigation of Magnite, Inc. (MGNI) on Behalf of Investors<\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–The Law Offices of Frank R. Cruz<\/a> announces an investigation of Magnite, Inc. (\u201cMagnite\u201d or the \u201cCompany\u201d) (NASDAQ: MGNI<\/a>) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws.\n<\/p>\n

\nIf you are a shareholder who suffered a loss, click here<\/a> to participate.\n<\/p>\n

\nOn January 7, 2021, Spruce Point Capital Management published a research report alleging that the Company’s “investors are being misguided by Magnite’s growth prospects and see 25%-50% downside” and that Magnite “continued to mask challenges with inaccurate financial reporting.” The report further stated that \u201cevidence shows Magnite is running two separate businesses, yet only reporting one operating segment, allowing it to bury clarity into its struggles.\u201d\n<\/p>\n

\nOn this news, Magnite’s stock price fell $1.70 per share, or 6%, to close at $25.61 per share on January 7, 2021, thereby injuring investors.\n<\/p>\n

\nFollow us for updates on Twitter: twitter.com\/FRC_LAW<\/a>.\n<\/p>\n

\nIf you purchased Magnite 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<\/a>, or visit our website at www.frankcruzlaw.com<\/a>. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210108005569\/en\/<\/a><\/span><\/p>\n

\nThe Law Offices of Frank R. Cruz, Los Angeles
\n
Frank R. Cruz, 310-914-5007
\n
fcruz@frankcruzlaw.com
\n<\/a>
www.frankcruzlaw.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The Law Offices of Frank R. Cruz Announces Investigation of Magnite, Inc. (MGNI) on Behalf of Investors LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of Magnite, Inc. (\u201cMagnite\u201d or the \u201cCompany\u201d) (NASDAQ: MGNI) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On January 7, 2021, Spruce Point Capital Management published a research report alleging that the Company’s “investors are being misguided by Magnite’s growth prospects and see 25%-50% downside” and that Magnite “continued to mask challenges with inaccurate financial reporting.” The report further stated that \u201cevidence shows Magnite is running two separate businesses, yet only reporting one … <\/p>\n

Continue reading “The Law Offices of Frank R. Cruz Announces Investigation of Magnite, Inc. (MGNI) on Behalf of Investors”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-411394","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Law Offices of Frank R. Cruz Announces Investigation of Magnite, Inc. 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(\u201cMagnite\u201d or the \u201cCompany\u201d) (NASDAQ: MGNI) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On January 7, 2021, Spruce Point Capital Management published a research report alleging that the Company’s “investors are being misguided by Magnite’s growth prospects and see 25%-50% downside” and that Magnite “continued to mask challenges with inaccurate financial reporting.” The report further stated that \u201cevidence shows Magnite is running two separate businesses, yet only reporting one … Continue reading "The Law Offices of Frank R. Cruz Announces Investigation of Magnite, Inc. 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