NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Kandi Technologies Group, Inc. (NASDAQ: KNDI) resulting from allegations that Kandi may have issued materially misleading business information to the investing public.
On March 13, 2017, Kandi announced during aftermarket hours that it will restate “the Company’s previously issued financial statements for the years ended December 31, 2015 and 2014, and the first three quarters for the year ended December 31, 2016” and that these statements should no longer be relied upon. On this news, shares of Kandi fell sharply during intraday trading on March 14, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Kandi investors. If you purchased shares of Kandi please visit the firm’s website at http://www.rosenlegal.com/cases-995.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.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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