NEW YORK, Nov. 4, 2016 /PRNewswire/ -- Rosen Law Firm,
a global investor rights law firm, announces it is investigating
potential securities claims on behalf of shareholders of the
American Depositary Shares ("ADSs") of Agria Corporation (NYSE:
GRO) resulting from allegations that Agria Corporation may have
issued materially misleading business information to the investing
public.
On November 4, 2016, Agria
Corporation announced that it received a letter from the New York
Stock Exchange ("NYSE") (the "Letter") informing the company that
the NYSE has determined to commence proceedings to delist its ADSs
from the NYSE. Trading was suspended on November 3, 2016.
According to the NYSE's Letter, the determination to delist
Agria was based on an investigation conducted by NYSE Regulation,
which uncovered evidence demonstrating that Agria (i) through a top
executive and other intermediaries engaged in trading intended to
artificially inflate Agria's stock price, including to improperly
avoid having the company delisted for failing to comply with NYSE's
continued listing standards requiring companies to maintain an
average stock price of at least $1.000 per share over a consecutive thirty-day
trading period; and (ii) provided incomplete, misleading, or false
information in connection with investigations related to these
issues. The Letter also revealed an ongoing SEC investigation
concerning the company.
Rosen Law Firm is preparing a class action lawsuit to recover
losses suffered by Agria investors. If you purchased shares of
Agria please visit the firm's website at
http://www.rosenlegal.com/cases-983.html for more information. You
may also contact Phillip Kim or
Kevin Chan of Rosen Law Firm toll
free at 866-767-3653 or via email at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Follow us for updates on LinkedIn:
https://www.linkedin.com/company/the-rosen-law-firm or on Twitter:
https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a
similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A.