EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Yangtze River Port and Logistics Limited – YRIV
NEW YORK--(BUSINESS WIRE)--Dec 24, 2018--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Yangtze River Port and Logistics Limited (NASDAQ:YRIV) resulting from allegations that Yangtze River may have issued materially misleading business information to the investing public.
On December 6, 2018, Hindenburg Research published a report describing Yangtze River as “a scheme run by its Chairman & controlling shareholder to siphon money away from U.S. public markets.” According to the report, government-sourced documents and interviews with local officials demonstrate “that at least 77% of the company’s reported assets are fabricated.” On this news, shares of Yangtze River’s stock fell $1.63 per share or over 14% to close at $9.99 per share on December 6, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Yangtze River investors. If you purchased shares of Yangtze River please visit the firm’s website at https://www.rosenlegal.com/cases-1476.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 email@example.com or firstname.lastname@example.org.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181224005116/en/
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34thFloor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: The Rosen Law Firm, P.A.
Copyright Business Wire 2018.
PUB: 12/24/2018 11:06 AM/DISC: 12/24/2018 11:06 AM