The complaint alleges that throughout the class period Kandi issued materially misleading and/or false statements and/or failed to disclose that: (i) Kandi’s reported revenues were artificially inflated through undisclosed related party transactions, or otherwise had relationships with key customers indicating that those customers did not have an arms length relationship with Kandi; (ii) in the past year, the majority of Kandi’s sales had been to undisclosed related parties and/or parties with such a close relationship and history with Kandi that it cast doubt in regard to the arms-length nature of their relationship; (iii) all the foregoing, once revealed, was foreseeably likely to cast doubt on the validity of Kandi’s reported revenues, having a foreseeable negative impact on the Kandi’s valuation and reputation; and (iv) as a result, Kandi’s public statements were materially misleading and false at all relevant times, as a result.
Kandi Technologies, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
