Press release
Feb. 8th Deadline in Lawsuit for Investors in shares of Semiconductor Manufacturing International Corporation (OTC: SMICY)
A Deadline is coming up on February 8, 2021 in the lawsuit for certain investors in Semiconductor Manufacturing International Corp
Investors who purchased shares of Semiconductor Manufacturing International Corporation (OTC: SMICY) have certain options and there are strict and short deadlines running. Deadline: February 8, 2021. OTC: SMICY 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 Semiconductor Manufacturing International Corporation (OTC: SMICY) common shares between April 23, 2020 and September 26, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 23, 2020 and September 26, 2020, the defendants made false and/or misleading statements and/or failed to disclose that there was an “unacceptable risk” that equipment supplied to SMIC would be used for military purposes, that SMIC was foreseeably at risk of facing U.S. restrictions, that 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 that as a result, defendants’ public statements were materially false and/or misleading at all relevant times.
Those who purchased shares of Semiconductor Manufacturing International Corporation (OTC: SMICY) 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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