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

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

//
Posted By
/
Comment0
/
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.