INVESTOR UPDATE: Rosen Law Firm Files Amended Class Action Complaint Against Adomani, Inc. and Directs Investors to Contact the Rosen Law Firm if They Purchased Adomani Stock Pursuant to the June 2017 Initial Public Offering – ADOM
NEW YORK--(BUSINESS WIRE)--Nov 26, 2018--Rosen Law Firm, a global investor rights law firm, announces it has filed an amended class action complaint on behalf of purchasers of the securities of Adomani, Inc. (NASDAQ: ADOM) pursuant and/or traceable to the Offering Circular issued in connection with Adomani’s initial public offering held on or around June 15, 2017 (the “IPO” or the “Offering”).
The amended complaint alleges that Adomani’s Offering Circular omitted material biographical information pertaining to Adomani’s Chief Technology Officer, Edward R. Monfort, and its director nominee, John F. Perkowski. Specifically, the Offering Circular failed to disclose that Monfort and Perkowski served as executives and/or directors at one or more “penny stock” companies in which shareholders lost nearly all of their investment. Adomani’s stock has plummeted since its June 2017 IPO, currently trading around $0.50 per share or 90% below its IPO price of $5 per share.
If you purchased shares of Adomani pursuant and/or traceable to the company’s IPO, please visit the firm’s website at https://www.rosenlegal.com/cases-1381.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 firstname.lastname@example.org or email@example.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.
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Laurence Rosen, Esq. Phillip Kim, Esq. Zachary Halper, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 34 th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 firstname.lastname@example.org@email@example.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20181126005625/en/
CONTACT: Rosen Law Firm
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Rosen Law Firm
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PUB: 11/26/2018 12:58 PM/DISC: 11/26/2018 12:58 PM