An investigation on behalf of current long term investors in Kandi Technologies Group Inc (NASDAQ:KNDI) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
This press release was orginally distributed by SBWire
San Diego, CA — (SBWIRE) — 03/24/2021 — Certain directors of Kandi Technologies Group Inc are under investigation over potential breaches of fiduciary duties.
Investors who are current long term investors in Kandi Technologies Group Inc (NASDAQ: KNDI) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm for investors in NASDAQ: KNDI stocks follows a lawsuit filed against Kandi Technologies Group Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: KNDI stocks, concerns whether certain Kandi Technologies Group Inc directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that, the Defendants failed to disclose to investors that certain areas in the Company’s previously issued financial statements for the years ended December 31, 2015 and 2014, and the first three quarters for the year ended December 31, 2016 required adjustment, that in turn, the Company lacked effective controls over financial reporting, and that as a result, Defendants’ statements about the Company’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times
Those who purchased shares of Kandi Technologies Group Inc (NASDAQ: KNDI) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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