TUESDAY DEADLINE: The Schall Law Firm Announces it is Investigating Claims Against Fanhua Inc. & Encourages Investors with Lo...
November 02 2018 - 1:12PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Fanhua Inc. (“Fanhua” or “the Company”) (NASDAQ: FANH)
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.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. Seligman Investments posted an article to
SeekingAlpha.com about Fanhua on August 27, 2018. The article
states that the firm is “deeply concerned about the company’s
business practices.” These practices allegedly include fraud,
transferring cash to insiders using related-party transactions,
accounting irregularities, and questionable revenues. Based on this
article, shares of Fanhua fell more than 10% on the same day.
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.
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/20181102005489/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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