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NEW YORK, April 22, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Gorilla Technology Group, Inc. ("Gorilla" or the "Company") (NASDAQ: GRRR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Gorilla and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On March 6, 2025, The Bear Cave published a short report identifying purported "red flags" at Gorilla, including an aggressive pivot to AI technology, unconventional partnerships and controls over financial reporting, asserting that "[t]he exact details of Gorilla's business and partnerships are a little fuzzy."
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On this news, Gorilla's stock price fell $13.50 per share, or 32.21%, over the following two trading sessions, to close at $28.41 per share on March 7, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980
SOURCE Pomerantz LLP
The investigation concerns whether Gorilla and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On March 6, 2025, The Bear Cave published a short report identifying purported "red flags" at Gorilla, including an aggressive pivot to AI technology, unconventional partnerships and controls over financial reporting, asserting that "[t]he exact details of Gorilla's business and partnerships are a little fuzzy."
More on Nyenta.com
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On this news, Gorilla's stock price fell $13.50 per share, or 32.21%, over the following two trading sessions, to close at $28.41 per share on March 7, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980
SOURCE Pomerantz LLP
Filed Under: Business
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