China Techfaith Wireless Communication Technology Limited ADS, Each Representing 75 Ordinary Shares (NASDAQ:CNTF)
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1 Year : From Jul 2018 to Jul 2019
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against China TechFaith
Wireless Communication Technology Limited (“China TechFaith” or “the
Company”) (NASDAQ: CNTF)
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
Investors who purchased the Company's shares between July 12, 2018 and
December 19, 2018, inclusive (the ''Class Period''), are encouraged to
contact the firm before March 11, 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 email@example.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. China TechFaith made an arrangement to sell a
wholly-owned subsidiary that would be considerably less lucrative for
the Company than it portrayed to investors. The Company failed to inform
investors of changing market conditions that would impact profitability
negatively. 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 China TechFaith, investors suffered
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
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/20190111005492/en/
The Schall Law FirmBrian Schall, Esq.,Sherin Mahdavian, Esq.,www.schallfirm.comOffice: