SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by Lihua International, Inc. (NASDAQ: LIWA) and certain of its officers. Lihua produces copper replacement in China.
Specifically, Johnson & Weaver’s investigation seeks to determine whether certain statements regarding the Company’s business and prospects were false and misleading when made.
In a recent report, allegations have been made that the Company's CEO and Chairman of the Company's Board may have diverted or attempted to divert Company assets. The report also alleges that the Company’s production has almost ceased and that local Chinese courts have seized the Company’s warehouse.
Lihua stock is down over 50% in mid-day trading on April 30, 2014.
If you are a Lihua shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (email@example.com) at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California and New York. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.