EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Fanhua Inc. – FANH
Aug. 29, 2018
NEW YORK--(BUSINESS WIRE)--Aug 29, 2018--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Fanhua Inc. (NASDAQ:FANH) resulting from allegations that Fanhua may have issued materially misleading business information to the investing public.
On August 27, 2018, SeekingAlpha.com contributor Seligman Investments published an article stating it was “deeply concerned about the company’s business practices[,]” including its history of alleged fraud, the transferal of cash to insiders via related-party transactions, accounting discrepancies and questionable revenues and earnings. On this news, Fanhua’s stock price fell $2.75 per share or over 10% to close at $23.40 on August 27, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Fanhua investors. If you purchased shares of Fanhua please visit the firm’s website at http://www.rosenlegal.com/cases-1406.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.
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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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View source version on businesswire.com:https://www.businesswire.com/news/home/20180829005767/en/
CONTACT: The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
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: 08/29/2018 04:25 PM/DISC: 08/29/2018 04:25 PM