HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts JOYY (YY) Investors to January 19 Application Deadline in Securities Fraud Action, Encourages Investors with $250K+ Losses to Contact Its Attorneys Now Hagens Berman Sobol Shapiro LLP Berkeley, California, UNITED STATES
SAN FRANCISCO, Dec. 30, 2020 (GLOBE NEWSWIRE) Hagens Berman urges JOYY Inc.
(NASDAQ: YY) investors with losses in excess of $250,000 to submit your losses now. An important investor deadline in a securities fraud class action is quickly approaching.
Class Period: Apr. 28, 2016 - Nov. 18, 2020
Lead Plaintiff Deadline: Jan. 19, 2021
JOYY Inc. (YY) Securities Fraud Class Action:
The complaint alleges that Defendants misrepresented and concealed that: (1) JOYY had dramatically overstated its revenues from live streaming sources; (2) the majority of users at any given time were bots; (3) the Company utilized these bot
NAK INVESTOR NOTICE: Hagens Berman, National Trial Attorneys, Reminds Northern Dynasty Minerals Investors of Filing of Securities Fraud Action, Encourages Investors with Losses to Contact Its Attorneys
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HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Notifies Northern Dynasty Minerals Investors of Securities Fraud Action, Encourages Investors with Losses to Contact Its Attorneys
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NAK SHAREHOLDER UPDATE: Hagens Berman, National Trial Attorneys, Reminds Northern Dynasty Minerals Investors of Filing of Securities Fraud Action, Encourages Investors with Losses to Contact Its Attorneys
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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.