IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Nova Lifestyle, Inc. & E...
January 03 2019 - 5:56PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against Nova
Lifestyle, Inc. (“Nova Lifestyle” or “the Company”) (NASDAQ: NVFY)
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.
Investors who purchased the Company's shares between December 3,
2015 and December 20, 2018, inclusive (the ''Class Period''), are
encouraged to contact the firm before February 26, 2019.
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.
According to the Complaint, the Company made false and
misleading statements to the market. Nova Lifestyle
mischaracterized its supposed “strategic alliance” with Shanxi
Wangqing, which the Company claimed had named it lead designer
provider of all furnishings for a $460 million senior center in
China. Nova Lifestyle inflated its reported revenues in 2016 and
2017 in conjunction with Shanxi Wangqing and Merlino Lewis LLP.
Based on these facts, the Company’s public statements were false
and materially misleading throughout the class period. When the
market learned the truth about Nova Lifestyle, investors suffered
damages.
Join the case to recover your losses.
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/20190103005754/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.www.schallfirm.comOffice: 310-301-3335Cell:
424-303-1964info@schallfirm.com
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