NEW YORK, March 01, 2019 (GLOBE NEWSWIRE) -- Pawar Law Group reminds shareholders who purchased shares of Yangtze River Port and
Logistics Limited (NASDAQ: YRIV) from February 2, 2016 through December 5, 2018, inclusive (the “Class Period”) of the
important March 4, 2019 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for
Yangtze River investors under the federal securities laws.
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Yangtze’s
purported lease of the Wuhan Yangtze River Newport Logistics Center, the company’s main asset, was a fabrication; (2) Yangtze’s
only operating subsidiary, Wuhan Yangtze River Newport Logistics Co., Ltd., was declared insolvent in China due to a number of
default judgments against it; and (3) as a result, defendants’ statements about its business, operations, and prospects, were
materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market,
the lawsuit claims that investors suffered damages.
No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You
may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your
ability to share in any future recovery is not dependent upon being a lead plaintiff.
Pawar Law Group represents investors from around the world.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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Contact:
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Fax: (212) 571-0938
info@pawarlawgroup.com
