Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Kandi Technologies Group, Inc. Stockholders
June 11 2014 - 4:30PM
Business Wire
Kirby McInerney LLP is investigating potential claims against
the Board of Directors of Kandi Technologies Group, Inc. (“Kandi”
or the “Company”) (NASDAQ:KNDI) related to fraud charges brought
against Shawn A. Becker (“Becker”), Roger D. Lockhart (“Lockhart”),
and George Tazbaz (“Tazbaz”) by the Securities and Exchange
Commission (“SEC”).
The investigation concerns whether the Kandi Board of Directors
violated its fiduciary duties by allowing Becker, Lockhart, and
Tazbaz to orchestrate manipulative trading in Kandi stock in 2009
and 2010. In 2009, the Company’s CEO issued 350,000 additional
shares of Kandi to Lockhart and Tazbaz for the purposes of
compensating various stock promoters in the United States,
including Becker, in exchange for their services. The promoters
allegedly agreed to laud the Company’s stock and manipulate the
price to $3 per share by the end of 2009.
If you are a Kandi stockholder and wish to obtain additional
information, please contact J. Brandon Walker, Esq. by email
at bwalker@kmllp.com, by telephone at (212) 699-1145 or (888)
529-4787, or by filling out this contact form. There is no cost or
obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating
in securities, shareholder, whistleblower, antitrust and consumer
litigation. For additional information, please go to
www.kmllp.com.
Kirby McInerney LLPJ. Brandon Walker, Esq.,
212-699-1145888-529-4787bwalker@kmllp.com
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