EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims against Nova Lifestyle, Inc. –
NVFY
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of
shareholders of Nova Lifestyle, Inc. (NASDAQ:NVFY) resulting from allegations that Nova Lifestyle may have issued materially
misleading business information to the investing public.
On December 21, 2018, Andri Capital published an article reporting evidence of fictitious sales at Nova Lifestyle. Based on
Andri Capital’s research, Nova Lifestyle “booked sales of over $50 million in recent years to two companies that either have been
dissolved or do not exist[.]” The report also states that “other supposedly large customers of [Nova Lifestyle] do not seem to
recognize doing business with Nova LifeStyle (possibly for over $60 million since 2011).” On this news, Nova Lifestyle’s stock has
fallen sharply during intraday trading on December 21, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Nova Lifestyle investors. If you purchased
shares of Nova Lifestyle please visit the firm’s website at
https://www.rosenlegal.com/cases-1475.html to join the class action. You may also contact Phillip Kim or Zachary Halper of
Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder
derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class
action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
zhalper@rosenlegal.com
www.rosenlegal.com
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