SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Evolution AB (publ) with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / March 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Evolution AB (publ) ("Evolution" or "the Company") (OTC PINK:EVVTY) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between February 14, 2019 and October 25, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before March 25, 2024.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Evolution "allowed play" from certain jurisdictions in which regulators deemed its customers to be unlicensed or in breach of the jurisdiction's laws. The Company misled the market about its involvement in non-compliance with regulations. The Company failed to disclose the regulatory risk it faced in multiple jurisdictions. The Company's North American revenues were stagnating. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Evolution, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

CONTACT:
The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE: The Schall Law Firm