BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Pingtan Marine Enterprise Ltd. (“Pingtan” or the “Company”) (NASDAQ: PME) investors concerning the Company and its officers’ possible violations of federal securities laws.
On May 10, 2017, a report was published alleging that Pingtan was involved in illegal practices, including forced labor, illegal fishing, and human trafficking.
On this news, shares of Pingtan fell $1.16 per share, or more than 28%, to close at $2.95 per share on May 10, 2017, thereby injuring investors.
If you purchased Pingtan securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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