LOS ANGELES, CA / ACCESSWIRE / July 24, 2020 /The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Kandi Technologies Group, Inc. ("Kandi" or "the Company") (NASDAQ:KNDI) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between June 10, 2015 and March 13, 2017, inclusive (the ''Class Period''), are encouraged to contact the firm before August 10, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Kandi was forced to make adjustments to multiple financial reports. The reports in question include its financial statements for the years ending December 31, 2015 and 2014, and the first three quarters for the year ended December 31, 2016. The Company failed to maintain appropriate controls on financial reporting. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Kandi, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com
SOURCE: The Schall Law Firm
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