Semiconductor Manufacturing International Corp.
Join Class Action »
Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Semiconductor Manufacturing International Corp. from April 23, 2020 through September 26, 2020 (the “Class Period”). The lawsuit seeks to recover damages for Semiconductor Manufacturing International Corp. investors under the federal securities laws.
If you bought Semiconductor Manufacturing International Corp. securities between April 23, 2020 through September 26, 2020, 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 Semiconductor Manufacturing International Corp. – SMICY
New York, N.Y., December 11, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Semiconductor Manufacturing International Corp. (OTC: SMICY) between April 23, 2020 and September 26, 2020, inclusive (the “Class Period”).
To join the SMICY class action, go to http://zhanginvestorlaw.com/cases/semiconductor-manufacturing-international-corp/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that (1) there was an “unacceptable risk” that equipment supplied to SMIC would be used for military purposes; (2) SMIC was foreseeably at risk of facing U.S. restrictions; (3) as a result of restrictions by the U.S. Department of Commerce, certain of SMIC’s suppliers would need “difficult-to-obtain” individual export licenses; and (4) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. 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 February 8, 2021. 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/semiconductor-manufacturing-international-corp/ 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.