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NASDAQ: KNDI Investor Notice: Update in Lawsuit against Kandi Technologies Group Inc announced by Shareholders Foundation

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SAN DIEGO, CA / ACCESSWIRE / March 9, 2021 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in (NASDAQ:KNDI) shares.

Investors, who purchased shares of Kandi Technologies Group Inc (NASDAQ: KNDI) prior to June 2015 and continue to hold any of those (NASDAQ: KNDI) shares, have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

A lawsuit was filed on June 10, 2020, against Kandi Technologies Group Inc over alleged Securities Laws Violations. The plaintiff alleges that the defendants failed to disclose to investors that certain areas in 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 required adjustment, that in turn, the Company lacked effective controls over financial reporting, and that as a result, Defendants' statements about the Company's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On January 7, 2021, an amended complaint was filed.

Those who purchased Kandi Technologies Group Inc (NASDAQ:KNDI) shares should contact the Shareholders Foundation, Inc.

CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc.



View source version on accesswire.com:
https://www.accesswire.com/634257/NASDAQ-KNDI-Investor-Notice-Update-in-Lawsuit-against-Kandi-Technologies-Group-Inc-announced-by-Shareholders-Foundation