Yangtze River Port and L... (NASDAQ:YRIV)
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1 Year : From Nov 2018 to Nov 2019
The law firm of Kirby
McInerney LLP is investigating potential claims against Yangtze
River Port & Logistics Limited (“Yangtze” or the “Company”) (NASDAQ:YRIV).
This investigation concerns whether Yangtze has violated federal
securities laws and/or engaged in other unlawful business practices.
On December 6, 2018, Hindenburg Research (“Hindenburg”) published a
report that described Yangtze as “a scheme run by its Chairman &
controlling shareholder to siphon money away from U.S. public markets.”
Among other allegations, the Hindenburg report asserted that Yangtze’s
“only operating entity has been declared insolvent in China and is
involved in multiple undisclosed legal proceedings.” Based on
“government-sourced documents and interviews with local officials,” they
“believe that at least 77% of the company’s reported assets are
On this news, Yangtze’s shares fell $3.34, or 28.74%, over the following
two trading sessions, closing at $8.28 on December 7, 2018.
If you acquired Yangtze securities, have information, or would like to
learn more about these claims, please contact Thomas
W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at firstname.lastname@example.org,
or by filling out this
contact form, to discuss your rights or interests with respect to
these matters without any cost to you.
McInerney LLP is a New York-based plaintiffs’ law firm concentrating
in securities, antitrust, and whistleblower litigation. The firm’s
efforts on behalf of shareholders in securities litigation have resulted
in recoveries totaling billions of dollars. Additional information about
the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181229005007/en/
Kirby McInerney LLPThomas W. Elrod, Esq., (212) email@example.com