NEW YORK–(BUSINESS WIRE)–$BGXX #classaction–Attorney Advertising–Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of investors of Bright Green Corporation (“Bright Green” or “the Company”) (NASDAQ: BGXX). Bright Green investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/bgxx.
The investigation concerns whether Bright Green violated federal securities laws.
On June 2, 2022, Green Market Report (“Green Market”) published a report entitled “Bright Green Former CEO Claims Valuation Fraud,” which stated that the Company “involves a burned-down building, a years-long battle with the state of New Mexico, a bankruptcy case, and an angry former CEO who is accusing the company of fraud.” Per the Green Market report’s allegations, John Stockwell, listed as the Company’s CEO in 2017, filed for bankruptcy in the state of New Mexico in 2017. After a greenhouse fire “devastated Stockwell financially,” the reported stated that “greenhouses were transferred to Lynn Stockwell,” John Stockwell’s wife and a Bright Green Board member, “who then transferred the property to Bright Green.” In addition, the report stated that Bright Green’s former CEO John Fikany is suing the company, alleging that “Bright Green was a ‘sham, operated illegally and fraudulently’” by the Stockwells. On this news, Bright Green’s stock price fell $0.56 per share, or 15.56%, to close at $3.04 per share on June 3, 2022.
If you are aware of any facts relating to this investigation or purchased Bright Green shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/bgxx. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
