Kandi Technologies Group, Inc.
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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Kandi Technologies Group, Inc. (NASDAQ: KNDI) from June 10, 2015 through March 13, 2017 (the “Class Period”). The lawsuit seeks to recover damages for Kandi Technologies Group, Inc. investors under the federal securities laws.
If you bought Kandi Technologies Group, Inc. securities between June 10, 2015 through March 13, 2017, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Kandi Technologies Group, Inc. – KNDI
New York, N.Y., July 24, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Kandi Technologies Group, Inc. (NASDAQ: KNDI) between June 10, 2015 and March 13, 2017, inclusive (the “Class Period”).
To join the KNDI class action, go to http://zhanginvestorlaw.com/cases/kandi-technologies-group-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
According to the lawsuit, throughout the Class Period (1) certain areas in the Company’s previously issued financial statements for the years ended December 31, 2015 and 2014, and the first three quarters for the year ended December 31, 2016 required adjustment; (2) in turn, the Company lacked effective controls over financial reporting; and (3) as a result, defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 10, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/kandi-technologies-group-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.