Investment Funds Lawsuit – N.I.R. Group, LLC Files Motion to Dismiss against Cyberlux

ROSLYN, N.Y.– LAWFUEL – The Lawsuit Newswire –The N.I.R. Group, LLC (“N.I.R. Group”), a highly-specialized investment management firm, today announced its funds have filed a motion to dismiss the complaint brought by N.C.-based Cyberlux Corporation, involving alleged securities law violations and breach of contract, among other claims.

“We are confident that Cyberlux suit is completely without merit and will continue to vigorously defend ourselves from these baseless allegations,” said Corey S. Ribotsky, Chairman and CEO of The N.I.R. Group.

Separately, the funds managed by N.I.R. Group filed an action against Cyberlux to recover on their notes.

About N.I.R. Group, LLC:

Since 1999, The N.I.R. Group, LLC has been managing a direct investment hedge fund that invests in emerging growth and development-stage public companies for individual and institutional investors. In addition, NIR and its affiliates manage a bond fund and real estate fund. N.I.R. Group and its affiliates have offices in Roslyn, New York and Charlotte, North Carolina.

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