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ROSEN, A TOP RANKED LAW FIRM, Reminds YayYo, Inc. Investors of Important Deadline in Federal Securities Class Action First Filed by the Firm – YAYO

NEW YORK, Oct. 09, 2020 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of YayYo, Inc. (OTC:YAYO) pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with YayYo’s November 2019 initial public offering (the “IPO”) of the important November 9, 2020 lead plaintiff deadline in the federal class action commenced by the firm. The lawsuit seeks to recover damages for YayYo investors under the federal securities laws.

To join the YayYo class action, go to http://www.rosenlegal.com/cases-register-1915.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

According to the lawsuit, the Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) defendant El-Batrawi continued to exercise supervision, authority, and control over YayYo, and was intimately involved, on a day-to-day basis, with the business, operations, and finances of the Company, including assisting the Underwriter Defendants in marketing YayYo’s IPO; (2) defendant El-Batrawi never sold the 12,525,000 “Private Shares” and continued to own a controlling interest in YayYo despite the NASDAQ’s insistence that he retain less than a 10% equity …

Full story available on Benzinga.com

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