Rosen Law Firm Continues to Investigate Potential Securities Claims against Immutable Resulting from Allegations that Immutable May Have Issued Materially Misleading Business Information to the Investing Public

NEW YORK, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims

NEW YORK, Dec. 27, 2024 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed against Immutable Technologies Inc. (“Immutable”) (NASDAQ: IMX) over its sales of IMX tokens.

A Wells Notice from the Securities and Exchange Commission (“SEC”) was disclosed by Immutable on November 1, 2024, regarding the company's sales of IMX tokens. The SEC “are targeting the listing and private sales of IMX in 2021,” according to Immutable.

Investors who purchased IMX tokens and would like to learn more about their rights are encouraged to contact Phillip Kim, Esq. of The Rosen Law Firm, P.A., toll-free at 866-767-3653 or via email at case@rosenlegal.com.

What is a Wells Notice? A Wells Notice is a formal notification from the SEC that it intends to recommend an enforcement action to the Commission. The notice provides the subject of the investigation with an opportunity to present written submissions to the SEC staff and to request a meeting with the Commission.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors.

In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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