INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against China TechFaith Wireless Communication ...
December 27 2018 - 3:06PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of China TechFaith Wireless Communication Technology
Limited (“China TechFaith” or “the Company”) (NASDAQ: CNTF) for
violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities
and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. China TechFaith announced before market
hours on December 20, 2018, that in relation to the sale of a
subsidiary, the Company would recognize “an impairment loss of
US$62.2 million under net loss from discontinued operations for the
first half period ended on June 30, 2018.” Based on that news,
shares of China TechFaith fell more than 35% on the same day.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181227005356/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335Cell:
424-303-1964info@schallfirm.comwww.schallfirm.com
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