NEW YORK, NY / ACCESSWIRE / September 19, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Swvl Holdings Corp. ("Swvl Holdings Corp.") (NASDAQ:SWVL) concerning possible violations of federal securities laws.
Wolfpack Research ("Wolfpack") published a report on September 17, 2024, entitled "SWVL, a ‘Transportation-as-a-Service’ Start-up Appears to Be a Few Breaths Away from Bankruptcy". Citing "research into the company, including on-the-ground due diligence in Egypt", the Wolfpack report alleged, among other things, "that SWVL’s operations are grinding to a halt as they run out of money" and that very few rides appeared to be available on the Company’s bus-sharing app in Cairo, Swvl’s primary market.
Following this news, Swvl’s stock price fell over 43% on September 17, 2024. To obtain additional information, go to:
https://zlk.com/pslra-1/swvl-holdings-corp-lawsuit-submission-form?prid=103832&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
View the original press release on accesswire.com
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