PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against HF Foods Group Inc. (“HF Foods”) (Nasdaq: HFFG) on behalf of investors who purchased shares of the company’s stock between August 23, 2018 and March 23, 2020, inclusive (the “Class Period”).
Investors who suffered an loss in excess of $100,000 purchasing HF Foods’ securities during the Class Period are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or via at firstname.lastname@example.org, to discuss this action and their legal rights and options. Additional information may also be found at http://kaskelalaw.com/case/hf-foods-group-inc/.
As detailed in the complaint, on March 23, 2020, Hindenburg Research published a report alleging that HF Foods had, among other things, failed to disclose to investors: (i) transactions with related-parties; (ii) the company’s flagrant misuse of shareholder funds; and (iii) the company’s gaming of the FTSE/Russell Index criteria.
Following the release of the Hindenburg Report, shares of HF Foods’ stock fell $2.52 per share, or over 20% in value, to close on March 23, 2020 at $9.80 per share, on heavy trading volume.
IMPORTANT DEADLINE: Investors who purchased HF Foods’ securities during the Class Period may, no later than May 28, 2020, seek to be appointed as a lead plaintiff representative in the action.
For additional information about this action please contact Kaskela Law LLC. Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.