Robbins Arroyo LLP Is Investigating the Officers and Directors of Dragon Victory International Limited (LYL) on Behalf of Shareholders
SAN DIEGO & HANGZHOU, China--(BUSINESS WIRE)--Sep 20, 2018--Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Dragon Victory International Limited (NasdaqCM: LYL) breached their fiduciary duties to shareholders. Notably, Dragon Victory’s CEO, Yu Han, resigned from his position just three days after the company’s stock began trading on the NASDAQ exchange. Further, Dragon Victory’s stock, which cost $6 during the IPO and traded as high as $14, has since plummeted and closed yesterday at $1.65 per share.
View this press release on the firm’s Shareholder Rights Blog: https://www.robbinsarroyo.com/
Dragon Victory Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm’s website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Sign up for our FREE portfolio monitoring service, Stock Watch.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20180920005867/en/
CONTACT: Robbins Arroyo LLP
(619) 525-3990 or Toll Free (800) 350-6003
KEYWORD: UNITED STATES ASIA PACIFIC NORTH AMERICA CHINA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Robbins Arroyo LLP
Copyright Business Wire 2018.
PUB: 09/20/2018 03:59 PM/DISC: 09/20/2018 03:59 PM