Kandi Technologies & Qiwi Investors With Losses Greater Than $50,000

Dec 16, 2020 | Securities Class Action Archive

Class Action Lawsuits Filed On Behalf Of Investors Of Kandi Technologies Group, Inc. And Qiwi plc – Investors Who Have Suffered Losses Greater Than $50,000 Encouraged To Contact Kehoe Law Firm, P.C. 

Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Kandi Technologies Group, Inc. (“Kandi”) (NASDAQ: KNDI) and Qiwi plc (“Qiwi”) (NASDAQ: QIWI) to determine whether Kandi and Qiwi engaged in securities fraud or other unlawful business practices. 

Kandi Technologies Group, Inc.

INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE SECURITIES OF KANDI BETWEEN MARCH 15, 2019 AND NOVEMBER 27, 2020, BOTH DATES INCLUSIVE (THE “CLASS PERIOD”), AND SUFFERED LOSSES GREATER THAN $50,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE SECURITIES INVESTIGATION OR POTENTIAL LEGAL CLAIMS.  

A class action lawsuit has been filed against Kandi in United States District Court seeking to recover damages on behalf of Kandi investors. 

According to the complaint, throughout the Class Period, the Kandi Defendants made false and/or misleading statements and/or failed to disclose that (1) Kandi artificially inflated its reported revenues through undisclosed related party transactions, or otherwise had relationships with key customers that indicated those customers did not have an arms-length relationship with Kandi; (2) the majority of Kandi’s sales in the past year had been to undisclosed related parties and/or parties with such a close relationship and history with Kandi that it cast doubt on the arms-length nature of their relationship; (3) all the foregoing, once revealed, was foreseeably likely to cast doubt on the validity of Kandi’s reported revenues and, in turn, have a foreseeable negative impact on Kandi’s reputation and valuation; and (4) as a result, Kandi’s public statements were materially false and misleading at all relevant times.

Qiwi plc

INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE SECURITIES OF QIWI BETWEEN MARCH 28, 2019 AND DECEMBER 9, 2020, BOTH DATES INCLUSIVE (THE “CLASS PERIOD”), AND SUFFERED LOSSES GREATER THAN $50,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE SECURITIES INVESTIGATION OR POTENTIAL LEGAL CLAIMS.  

A class action lawsuit has been filed against Qiwi in United States District Court seeking to recover damages on behalf of Qiwi investors. 

According to the complaint, throughout the Class Period, the Qiwi Defendants made false and/or misleading statements and/or failed to disclose that (1) Qiwi’s internal controls related to reporting and record-keeping were ineffective; (2) consequently, the Central Bank of Russia would impose a monetary fine upon Qiwi and impose restrictions upon Qiwi’s ability to make payments to foreign merchants and transfer money to pre-paid cards; and (3) as a result, the Qiwi Defendants’ public statements were materially false and/or misleading at all relevant times.

Kehoe Law Firm, P.C. 

Covia Investors With Losses Greater Than $250,000

Dec 16, 2020 | Securities Class Action Archive

Class Action Filed On Behalf of Investors Of Covia Holdings Corporation – Investors Who Have Suffered Losses Greater Than $250,000 Encouraged To Contact Kehoe Law Firm, P.C. 

Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Covia Holdings Corporation (“Covia” or the “Company”) (OTHER OTC: CVIAQ) to determine whether the Company engaged in securities fraud or other unlawful business practices. 

INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE SECURITIES OF COVIA BETWEEN MARCH 15, 2016 AND JUNE 29, 2020, BOTH DATES INCLUSIVE (THE “CLASS PERIOD”), AND SUFFERED LOSSES GREATER THAN $250,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE SECURITIES INVESTIGATION OR POTENTIAL LEGAL CLAIMS.  

A class action lawsuit has been filed against Covia, f/k/a Fairmount Santrol Holdings Inc., in United States District Court, seeking to recover damages on behalf of Covia investors. 

According to the class action complaint, the Covia Defendants made false and/or misleading statements and/or failed to disclose that (1) Covia’s proprietary “value-added” proppants were not necessarily more effective than ordinary sand; (2) Covia’s revenues, which were dependent on its proprietary “value-added” proppants, was based on misrepresentations; (3) when Covia insiders raised this issue, defendants did not take meaningful steps to rectify the issue; and (4) as a result, the Covia Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Kehoe Law Firm, P.C. 

Court Preliminarily Approves $20,700,000 Settlement on Behalf of Firm Client Southeastern Pennsylvania Transportation Authority Pension Plan and Class Members

Dec 16, 2020 | News 2020

Kehoe Law Firm is pleased to announce that the United States District Court for the Southern District of New York has granted preliminary approval for the proposed settlement in the Mexican Government Bonds Antitrust Litigation.​

The case, brought on behalf of the Southeastern Pennsylvania Transportation Authority Pension Plan (“SEPTA”), among others, alleges that from January 1, 2006, through April 19, 2017, inclusive, various entities conspired to fix the prices for Mexican Government Bonds issued by the Mexican government through the Bank of Mexico (“Banxico”). 

According to a complaint filed in the Southern District of New York, each defendant transacted in price-fixed Mexican Government Bonds (“MGBs”) at artificial prices with uninformed market participants like SEPTA and the Class. Defendants allegedly did so through interrelated means of manipulation. 

Partner John A. Kehoe expressed his satisfaction in being part of the case on behalf of the Plaintiffs, stating, “We are pleased to have reached this partial settlement in the Mexican Government Bonds Antitrust Litigation. The preliminary approval of the proposed settlement is a positive step toward achieving justice for our clients and the Settlement Class.”​

The settlement class includes all persons who entered a MGB transaction between January 1, 2006, and April 19, 2017. The Settlement, subject to final approval, involves the certification and maintenance of the settlement class as a class action under Rule 23 of the Federal Rules of Civil Procedure.

Settling defendants include Barclays PLC, Barclays Bank PLC, Barclays Capital Inc., Barclays Capital Securities Limited, Barclays Bank México, S.A., Institución de Banca Múltiple, Grupo Financiero Barclays México, and Grupo Financiero Barclays México, S.A. de C.V. (collectively “ Barclays” ) and JPMorgan Chase & Co., J.P. Morgan Broker-Dealer Holdings Inc., J.P. Morgan Securities LLC, JPMorgan Chase Bank, National Association, Banco J.P. Morgan, S.A. Institución de Banca Múltiple, J.P. Morgan Grupo Financiero, and J.P. Morgan Securities plc.​

Importantly, many other defendants have not joined in the settlement, including entities related to Bank of America, Citibank, Deutsche Bank, and HSBC, among others. For further information about the case, please visit www.MGBAntitrustSettlement.com.​

For more information about Kehoe Law Firm and its involvement in this matter, please contact John A. Kehoe at [email protected] or call (215) 792-6676.