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Investigation announced for Investors in shares of ECMOHO Limited (NASDAQ: MOHO)

08-04-2020 12:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in ECMOHO Limited (NASDAQ: MOHO) shares over potential securities laws violations by ECMOHO Limited

An investigation for investors in ECMOHO Limited (NASDAQ: MOHO) shares over potential securities laws violations by ECMOHO Limited

An investigation was announced over potential securities laws violations by ECMOHO Limited (in connection with certain financial statements.

Investors who purchased shares of ECMOHO Limited (NASDAQ: MOHO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of ECMOHO Limited (NASDAQ: MOHO) concerning whether a series of statements by ECMOHO Limited (NASDAQ: MOHO regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

China based ECMOHO Limited, an investment holding company, operates as an integrated solution provider in the non-medical health and wellness market.

On March 30, 2020, ECMOHO Limited announced its preliminary financial results for fiscal year 2019, reporting revenue between $329 million and $330 million and net income between $3.1 million and $3.7 million.

Shares of ECMOHO Limited (NASDAQ: MOHO) declined from $9.50 per share on March 20, 2020 to as low as $1.98 per share in late July 2020.

Those who purchased shares of ECMOHO Limited (NASDAQ: MOHO) 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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