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ROSEN, A HIGHLY RESPECTED LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Kandi Technologies Group, Inc ; Encourages Investors with Losses in Excess of $100K to Contact Firm – KNDI

ROSEN, A HIGHLY RESPECTED LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Kandi Technologies Group, Inc ; Encourages Investors with Losses in Excess of $100K to Contact Firm – KNDI
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Bragar Eagel & Squire, P C Reminds Investors That Class Action Lawsuits Have Been Filed Against Covia Holdings, Semiconductor Manufacturing International Corporation, Kandi Technologies, and Qiwi and Encourages Investors to Contact the Firm

Home / Top News / Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Covia Holdings, Semiconductor Manufacturing International Corporation, Kandi Technologies, and Qiwi and Encourages Investors to Contact the Firm Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Covia Holdings, Semiconductor Manufacturing International Corporation, Kandi Technologies, and Qiwi and Encourages Investors to Contact the Firm NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Covia Holdings Corporation (Other OTC: CVIAQ), Semiconductor Manufacturing International Corporation (“SMIC”) (Other OTC: SMICY), Kandi Technologies Group, Inc. (NASDAQ: KNDI), and Qiwi plc (NASDAQ: QIWI). Stockholders have until the deadlines below to petition the court to serv

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Kandi Technologies Group (KNDI) Investors with Losses to Contact Firm Now, Application Deadline Approaching in Securities Fraud Action

The complaint centers on whether Kandi manipulated its financial statements, including overstating revenues. More specifically, according to the complaint (1) Kandi artificially inflated reported revenues through undisclosed related party transactions, and (2) most of Kandi s sales during the past year were to undisclosed related parties, indicating the lack of arms-length transactions. But investors began to learn the truth, according to the complaint, on Nov. 30, 2020, when Hindenburg Research published a scathing lengthy forensic report based on on-the-ground inspections at Kandi s factories and customer locations in China, interviews with over a dozen former employees, and review of numerous litigation documents and internal public records.

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