INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of First Choice
Healthcare Solutions, Inc. Investors (FCHS)
Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased First
Choice Healthcare Solutions, Inc. (“First Choice” or the “Company”) (OTC:
FCHS) securities between April 1, 2014 and November 14, 2018, inclusive (the “Class Period”). First Choice investors
have until May 28, 2019 to file a lead plaintiff motion.
Investors suffering losses on their First Choice investments are encouraged to contact the Law Offices of Howard G. Smith to
discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
On November 14, 2018, both a criminal indictment and civil action were filed by the U.S. Department of Justice and Securities
and Exchange Commission respectively against then-Chief Executive Officer, President, and Board Chairman Christian Romandetti, Sr.,
along with other alleged co-conspirators. Romandetti was charged regarding his connections with the arrangement of a multi-million
dollar pump-and-dump scheme in which the price and volume of First Choice shares was falsely controlled through artificial
generation of trading volume and price movements, as well as materially false representations and omissions in communications with
investors.
On this news, shares of First Choice fell $0.66 per share, or over 65%, to close at $0.35 on November 15, 2018, thereby injuring
investors.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and
misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false
and/or misleading statements and/or failed to disclose that: (1) defendants retained Elite Stock Research, Inc. to falsely promote
the Company to materially inflate the price of First Choice stock; (2) the Company’s CEO participated and personally profited from
a scheme to materially inflate the price of First Choice securities through an unlawful, paid promotional campaign; (3) defendants
were in violation of First Choice’s internal compliance policies by participating in the pump and dump scheme; and (4) a primary
cause of fluctuations in First Choice’s stock price was the unlawful campaign, in which Romandetti directly participated, that
caused the price of First Choice stock to be inflated while at the same time allowed others to dump their First Choice stock for
profit.
If you purchased shares of First Choice, have information or would like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of
Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at
www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
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