RNWK INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that RealNetworks, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

The Complaint alleges that, the Individual Defendants had the ability to exercise control over and did control a person or persons who have each violated Section 14(a) of the Exchange Act, by their acts and omissions as alleged therein. Thus, by virtue of their position as controlling persons, the Individual Defendants are liable pursuant to Section 20(a) of the Exchange Act. Specifically, Defendants authorized the filing of a materially false and/or misleading Schedule 14A Definitive Proxy Statement with the SEC. The Proxy omits and/or misrepresents material information concerning:

(1) the sales process for the Company;

(2) management's financial projections; and

(3) the data and inputs underlying the financial valuation analyses that purport to support the fairness opinion provided by Houlihan Lokey.

The Complaint further alleges that, because of Defendants' wrongful acts and omissions throughout the Class Period and the ensuing precipitous decline in the market value of the Company's securities, Plaintiff and other Class members have suffered significant losses and damages.

What's Next?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/RNWK or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in RealNetworks you have until May 3, 2024, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com

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SOURCE Bronstein, Gewirtz & Grossman, LLC