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Deadline on August 10th coming up in Lawsuit for Investors in Kandi Technologies Group Inc (NASDAQ: KNDI)

07-27-2020 06:19 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on August 10, 2020 in the lawsuit for certain investors in Kandi Technologies Group Inc (NASDAQ: KNDI).

A Deadline is coming up on August 10, 2020 in the lawsuit for certain investors in Kandi Technologies Group Inc (NASDAQ: KNDI).

A deadline is coming up on August 10, 2020 in the lawsuit filed for certain investors of Kandi Technologies Group Inc (NASDAQ: KNDI).

Investors who purchased shares of Kandi Technologies Group Inc (NASDAQ: KNDI) have certain options and there are strict and short deadlines running. Deadline: August 10, 2020. NASDAQ: KNDI stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges on behalf of purchasers of Kandi Technologies Group Inc (NASDAQ: KNDI) common shares between June 10, 2015 and March 13, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between June 10, 2015 and March 13, 2017, the Defendants failed to disclose to investors that 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, that in turn, the Company lacked effective controls over financial reporting, and that as a result, Defendants’ statements about the Company’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times

Those who purchased shares of Kandi Technologies Group Inc (NASDAQ: KNDI) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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