LOS ANGELES, Dec. 31, 2018 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against China Zenix Auto International Limited (“China Zenix” or “the Company”) (OTC: ZXAIY NYSE: ZX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's American depositary receipts between October 2, 2015 and June 14, 2018, inclusive (the ''Class Period''), are encouraged to contact the firm before December 31, 2018.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. China Zenix’s trading actions in relation to the NYSE Continued Listing Requirements went against its public policy. The Company had inadequate controls over financial reporting. Based on these facts, the Company’s public comments were false and materially misleading throughout the class period. When the market learned the truth about China Zenix, investors suffered damages.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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