NEW YORK, Dec. 24, 2018 /PRNewswire/ -- Bernstein Liebhard
LLP, a nationally acclaimed investor rights law firm, is
investigating potential securities fraud claims on behalf of
shareholders of Yangtze River Port and Logistics
Limited ("Yangtze River" or the "Company") (NASDAQ: YRIV)
resulting from allegations that Yangtze River and/or its executives
may have issued materially misleading business information to the
investing public.
If you purchased Yangtze River securities, and/or would like to
discuss your legal rights and options, please visit Yangtze River
Shareholder Investigation or contact Daniel Sadeh toll
free at (877) 779-1414 or dsadeh@bernlieb.com.
On December 6, 2018, Hidenburg
Research published a report titled, "Yangtze River Port &
Logistics: Total Zero. On-the-Ground Research Shows Assets Appear
to be Largely Fabricated." The report stated, among other things,
that "[b]ased on government-sourced documents and interviews with
local officials, we believe that at least 77% of the company's
reported assets are fabricated," and "[d]espite the company's SEC
filings, which state that there are no material legal proceedings
against the business, we found Chinese court records showing that
the company has at least 11 judgments filed against them totaling
RMB 766 million (USD $110 million)."
On this news, Yangtze River's stock fell $1.63 per share or approximately 14% to close at
$9.99 per share on December 6, 2018, damaging investors.
If you purchased Yangtze River securities, and/or would like to
discuss your legal rights and options, please visit
https://www.bernlieb.com/cases/yangtze-river-port-logistics-limited-yriv-lawsuit-class-action-fraud-stock-104/ or
contact Daniel Sadeh toll free at (877) 779-1414 or
dsadeh@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National Law
Journal's "Plaintiffs' Hot List" thirteen times and listed in
The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2018 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
dsadeh@bernlieb.com
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SOURCE Bernstein Liebhard LLP