The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of YY, QIWI and KNDI marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.
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.
Home / Top News / SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Kandi Technologies Group, Inc. of Class Action Lawsuit and Upcoming Deadline – KNDI
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Kandi Technologies Group, Inc. of Class Action Lawsuit and Upcoming Deadline – KNDI
NEW YORK, Dec. 20, 2020 (GLOBE NEWSWIRE) Pomerantz LLP announces that a class action lawsuit has been filed against Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ: KNDI) and certain of its officers. The class action, filed in United States District Court for the Eastern District of New York, and docketed under 20-cv-06042, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Kandi securities between March 15, 2019 and November 27, 2020, both dates inclusive (the “Class Period”), seeking to recover dam
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NEW YORK, Dec. 17, 2020 /PRNewswire/ Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Kandi Technologies Group, Inc. (NASDAQ: KNDI) between March 15, 2019 and November 27, 2020, inclusive (the Class Period ). The lawsuit seeks to recover damages for Kandi investors under the federal securities laws.
To join the Kandi class action, go to http://www.rosenlegal.com/cases-register-1998.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.
Home / Top News / Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Covia Holdings and Kandi Technologies and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Covia Holdings and Kandi Technologies and Encourages Investors to Contact the Firm
NEW YORK, Dec. 16, 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) and Kandi Technologies Group, Inc. (NASDAQ: KNDI). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.