LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Hongli Clean Energy Technologies Corp. (“Hongli” or the “Company”) (Nasdaq: CETC) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or by email at firstname.lastname@example.org.
On April 7, 2017, Nasdaq stopped trading of Hongli’s securities, effective 12:15pm on April 10, 2017, for “additional information requested” from the Company. On April 21, 2017, Hongli revealed that it dismissed KSP Group, Inc. (“KSP”) as its independent auditor and stated that KSP had no disagreements with Hongli as to its accounting practices. On April 26, 2017, Hongli disclosed that KSP believed a disagreement did exist at the time Hongli dismissed it. KSP disagreed with the timing and manner in which Hongli valued a substantial amount of assets on its balance sheet.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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