NEW YORK, March 19, 2019 /PRNewswire/ -- Moore Kuehn,
PLLC, a securities law firm located on Wall Street in downtown
New York City, is investigating
whether certain officers and directors of Nova Lifestyle, Inc.
(NASDAQ: NVFY) breached their fiduciary duties to
shareholders.
According to a federal securities lawsuit, Nova
Lifestyle caused the company to make false and/or misleading
statements and/or failed to disclose that: (1) Nova Lifestyle
overstated its purported "strategic alliance" with Shanxi Wanginq
to operate as lead designer and manufacturer for all furnishings in
Shanxi Wanginq's planned $460 million
senior care center in China; (2)
Nova Lifestyle inflated its reported sales in 2016 and 2017 with
Shanxi Wangqing and Merlino Lewis LLP; and (3) as a result, Nova
Lifestyle's public statements were materially false and misleading
at all relevant times. When the true details entered the market,
the lawsuit claims that investors suffered damages.
Moore Kuehn encourages shareholders to contact Fletcher Moore, Esq. by email at
fmoore@moorekuehn.com or telephone at (212) 709-8245. There
is no cost or obligation to you.
Moore Kuehn is a New York-based
law firm with attorneys representing investors and consumers in
litigation involving securities law violations, financial fraud,
breaches of fiduciary duties, and other claims. For
additional information about Moore Kuehn, please go to
www.moorekuehn.com. ATTORNEY ADVERTISING. Prior results do
not guarantee similar outcomes.
Contacts:
Moore Kuehn, PLLC
Fletcher Moore, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
fmoore@moorekuehn.com
(212) 709-8245
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SOURCE Moore Kuehn, PLLC