ROSEN, GLOBAL INVESTOR COUNSEL, Announces Investigation of Securities Claims Against Akazoo S.A. - SONG

NEW YORK, April 22, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Akazoo S.A. (NASDAQ: SONG) resulting from allegations that Akazoo may have issued materially misleading business information to the investing public.

On April 20, 2020, Quintessential Capital released a presentation and report concerning Akazoo, stating that the Company looks like a "castle of cards" because its users, subscribers, revenue, and profit may be "profoundly overstated." Quintessential Capital further stated "[w]e believe Akazoo is a scheme orchestrated by management to profit while egregiously deceiving investors."

On this news, Akazoo shares fell $0.54 per share over the rest of the trading day and the next trading day, or over 20%, to close at $1.99 per share on April 21, 2020, damaging investors.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Akazoo investors. If you purchased shares of Akazoo please visit the firm's website at http://www.rosenlegal.com/cases-register-1843.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. 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 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40^th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      cases@rosenlegal.com
      www.rosenlegal.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/rosen-global-investor-counsel-announces-investigation-of-securities-claims-against-akazoo-sa--song-301045595.html

SOURCE Rosen Law Firm, P.A.