{"id":411418,"date":"2021-01-08T18:07:42","date_gmt":"2021-01-08T23:07:42","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411418"},"modified":"2021-01-08T18:07:42","modified_gmt":"2021-01-08T23:07:42","slug":"hagens-berman-national-trial-attorneys-investigating-magnite-inc-mgni-for-possible-securities-law-violations-encourages-mgni-investors-and-persons-who-may-be-able-to-assist-to-contact-its-attor-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-investigating-magnite-inc-mgni-for-possible-securities-law-violations-encourages-mgni-investors-and-persons-who-may-be-able-to-assist-to-contact-its-attor-2\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigating Magnite, Inc. (MGNI) for Possible Securities Law Violations, Encourages MGNI Investors and Persons Who May be Able to Assist to Contact its Attorneys Now"},"content":{"rendered":"
\n

SAN FRANCISCO, Jan. 08, 2021 (GLOBE NEWSWIRE) — Hagens Berman notifies investors in Magnite, Inc. (NASDAQ: MGNI) <\/strong>of the firm\u2019s investigation into possible securities law violations. Magnite investors are encouraged to submit<\/a> their losses now<\/a>.<\/a>\u00a0\u00a0 The firm also encourages persons who may be able to assist the investigation to contact the firm.<\/p>\n

\n Visit:<\/strong>
\n www.hbsslaw.com\/investor-fraud\/MGNI<\/a>
\n
\n Contact An Attorney Now:<\/strong>
\n MGNI@hbsslaw.com<\/a>
\n
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0844-916-0895<\/strong><\/p>\n

\n Magnite, Inc. (MGNI) Investigation: <\/strong>\n <\/p>\n

The investigation centers on whether Magnite misled investors about the company\u2019s financial reporting, connected TV (\u201cCTV\u201d) inventory, and other matters after the company was formed in 2020 through the merger of Telaria Inc. and Rubicon Project Inc.<\/p>\n

On Jan. 7, 2020, research firm Spruce Point Capital Management <\/em>published a report stating, \u201c[w]e believe investors are being misguided by Magnite\u2019s growth prospects, and see 25%-50% downside.\u201d According to Spruce Point<\/em> \u201c[m]ultiple customer interviews all tell us that Magnite does not have much quality CTV inventory to currently sell.\u201d\u00a0\u00a0 Spruce Point<\/em> also \u201cbelieves that Magnite\u2019s financial reporting does not accurately reflect the economics of its business, and may be concealing the struggles of Telaria.\u201d<\/p>\n

In response, the price of Magnite shares fell sharply lower.<\/p>\n

\u201cWe\u2019re focused on investor losses and whether Magnite has been masking business challenges with inaccurate financial reporting,\u201d said Reed Kathrein, the Hagens Berman partner leading the investigation.<\/p>\n

If you are a Magnite investor or have information that may assist our investigation, click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n

\n Whistleblowers: <\/strong>Persons with non-public information regarding Magnite should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895<\/strong> or email MGNI@hbsslaw.com<\/a>.<\/p>\n

\n
\n About Hagens Berman<\/u>
\n <\/a>
\n
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.\u00a0\u00a0 More about the firm and its successes is located at hbsslaw.com<\/a>. For the latest news visit our newsroom<\/u><\/a> or follow us on Twitter at @classactionlaw<\/u><\/a>.<\/p>\n

\n Contact:<\/u>
\n
Reed Kathrein, 844-916-0895<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

SAN FRANCISCO, Jan. 08, 2021 (GLOBE NEWSWIRE) — Hagens Berman notifies investors in Magnite, Inc. (NASDAQ: MGNI) of the firm\u2019s investigation into possible securities law violations. Magnite investors are encouraged to submit their losses now.\u00a0\u00a0 The firm also encourages persons who may be able to assist the investigation to contact the firm. Visit: www.hbsslaw.com\/investor-fraud\/MGNI Contact An Attorney Now: MGNI@hbsslaw.com \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0844-916-0895 Magnite, Inc. (MGNI) Investigation: The investigation centers on whether Magnite misled investors about the company\u2019s financial reporting, connected TV (\u201cCTV\u201d) inventory, and other matters after the company was formed in 2020 through the merger of Telaria Inc. and … <\/p>\n

Continue reading “HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigating Magnite, Inc. (MGNI) for Possible Securities Law Violations, Encourages MGNI Investors and Persons Who May be Able to Assist to Contact its Attorneys Now”<\/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-411418","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigating Magnite, Inc. 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(NASDAQ: MGNI) of the firm\u2019s investigation into possible securities law violations. Magnite investors are encouraged to submit their losses now.\u00a0\u00a0 The firm also encourages persons who may be able to assist the investigation to contact the firm. Visit: www.hbsslaw.com\/investor-fraud\/MGNI Contact An Attorney Now: MGNI@hbsslaw.com \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0844-916-0895 Magnite, Inc. (MGNI) Investigation: The investigation centers on whether Magnite misled investors about the company\u2019s financial reporting, connected TV (\u201cCTV\u201d) inventory, and other matters after the company was formed in 2020 through the merger of Telaria Inc. and … Continue reading \"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigating Magnite, Inc. 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