NEW YORK, March 30, 2025 (GLOBE NEWSWIRE) -- 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 newaction@pomlaw.com 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.
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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.”
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.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
