Deadline on June 24th coming up in Lawsuit for Investors in Global Cord Blood Corporation (OTC: CORBF)

A deadline is coming up on June 24, 2024 in the lawsuit filed for certain investors of Global Cord Blood Corporation (OTC: CORBF) over alleged securities laws violations by Global Cord Blood Corporation.

Investors who purchased shares of Global Cord Blood Corporation (OTC: CORBF) have certain options and there are strict and short deadlines running. Deadline: June 24, 2024. Global Cord Blood Corporation (OTC: CORBF) 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 Southern District of New York the plaintiff alleges on behalf of purchasers of Global Cord Blood Corporation (OTC: CORBF) common shares between June 4, 2019 and May 3, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between June 4, 2019 and May 3, 2022, the Defendants made false and/or misleading statements and/or failed to disclose that: (i) Global Cord employed a capital allocation strategy designed to reserve funds for Company insiders and related parties rather than for the benefit of Company shareholders; (ii) Global Cord's decisions to reject multiple going private offers and enter into the Transaction were nothing more than self-serving and conflicted attempts by Defendants to divert company funds to corporate insiders and related parties; (iii) Defendants had fundamentally misrepresented to investors Global Cord's approach to capital allocation, strategic investments, acquisitions, and related party transactions as a result of the misappropriation by Defendant Kam and his entities of hundreds of millions of dollars from the Company; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Global Cord Blood Corporation (OTC: CORBF) 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.

This release was published on openPR.