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.
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.
Dec 10, 2020 | Securities Class Action Archive
BORAL LIMITED INVESTOR ALERT: BOALY, BOALF INVESTORS WHO HAVE SUFFERED SIGNIFICANT LOSSES ENCOURAGED TO CONTACT KEHOE LAW FIRM, P.C.
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of shareholders of Boral Limited (“Boral” or the “Company”) (OTC: BOALY, BOALF) to determine whether the Company engaged in securities fraud or other unlawful business practices.
On December 5, 2019, Boral stated “. . . that it has identified certain financial irregularities in its North American Windows business, involving misreporting including in relation to inventory levels and raw material and labour costs at [its] Windows plants,” as well as that “. . . it is estimated the irregularities relating to the period between September 2018 and October 2019 will result in a one-off impact on earnings before interest, tax, depreciation and amortisation (EBITDA) in the order of US$20 million to US$30 million.”
On February 10, 2020, Boral stated that an “. . . investigation determined that finance personnel within the Windows business manipulated accounts and financial statements primarily to artificially inflate the overall profitability and health of the Windows business. The investigation found no evidence that the manipulations were to hide systematic theft of raw materials or finished goods inventory. The misconduct occurred over an approximately 20-month period to the end of October 2019.”
On this news, Boral’s American Depositary Receipt price fell 7.83% to close at $12.72 per share on February 10, 2020, thereby injuring investors.
BORAL INVESTORS WHO HAVE SUFFERED SIGNIFICANT FINANCIAL LOSSES ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT KEVIN CAULEY, DIRECTOR, BUSINESS DEVELOPMENT, (215) 792-6676, EXT. 802, [email protected], [email protected], TO DISCUSS THE SECURITIES INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Dec 3, 2020 | Securities Class Action Archive
OrthoPediatrics Corp. Investors Who Have Suffered Significant Losses Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating claims on behalf of investors of OrthoPediatrics Corp. (“OrthoPediatrics” or the “Company”) (NASDAQ: KIDS) to determine whether the Company engaged in securities fraud or other unlawful business practices.
Culper Research published a report, “OrthoPediatrics Corp. (KIDS): Even Channel Stuffing Can’t Save This Company,” which, among other things, stated that Culper Research “. . . believe[s] OrthoPediatrics has engaged in a channel stuffing scheme that has systematically and significantly overstated revenues.”
On this news, the stock price of OrthoPediatrics fell $4.12 per share, or 9.13%, to close at $41.02 per share on December 2, 2020.
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE SECURITIES OF ORTHOPEDIATRICS 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], [email protected], TO DISCUSS THE SECURITIES INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Nov 30, 2020 | Securities Class Action Archive
Securities Investigation On Behalf of Fortress Biotech Investors – FBIO Investors With 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 Fortress Biotech, Inc. (“Fortress Biotech” or the “Company”) (NASDAQ: FBIO) to determine whether the Company engaged in securities fraud or other unlawful business practices.
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE SECURITIES OF FORTRESS BIOTECH BETWEEN DECEMBER 11, 2019 AND OCTOBER 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.
On November 27, 2020, a class action lawsuit was filed against Fortress Biotech in United States District Court, Eastern District of New York.
According to the class action complaint, throughout the Class Period, the Fortress Biotech Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, according to the class action complaint, the Fortress Biotech Defendants made false and/or misleading statements and/or failed to disclose that IV Tramadol was not safe for the intended patient population, and that it was foreseeable to them that the FDA would not approve the New Drug Application for IV Tramadol.
Nov 30, 2020 | Securities Class Action Archive
INVESTORS OF NORTHERN DYNASTY MINERALS LTD 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 Northern Dynasty Minerals Ltd. (“Northern Dynasty” or the “Company”) (NYSE: NAK) to determine whether the Company engaged in securities fraud or other unlawful business practices.
On November 25, 2020, Northern Dynasty stated that “. . . its 100%-owned, US-based subsidiary Pebble Limited Partnership . . . received formal notification from the US Army Corps of Engineers . . . that its application for permits under the Clean Water Act and other federal statutes has been denied. The lead federal regulator found Pebble’s ‘compensatory mitigation plan’ as submitted earlier this month to be ‘non-compliant’, and that the project is ‘not in the public interest’.”
On this news, Northern Dynasty’s stock price fell $0.40 per share, or 50%, to close at $0.40 per share on November 25, 2020.
Investors who purchased, or otherwise acquired, the securities of Northern Dynasty Minerals 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.
