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Investigation for Long-Term Investors in shares of Semiconductor Manufacturing International Corporation (OTC: SMICY) announced

03-15-2021 06:34 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Semiconductor Manufacturing International Corporation (OTC: SMICY).

An investigation on behalf of current long term investors in Semiconductor Manufacturing International Corporation (OTC: SMICY).

An investigation was announced over potential breaches of fiduciary duties by certain directors and officers of Semiconductor Manufacturing International Corporation.

Investors who are current long term investors in Semiconductor Manufacturing International Corporation (OTC: SMICY) shares, 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 for current long term investors in OTC: SMICY stocks follows a lawsuit filed against Semiconductor Manufacturing International Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in OTC: SMICY stocks, concerns whether certain Semiconductor Manufacturing International Corporation directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that 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.

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 lawsuits, 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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