YANGTZE RIVER SHAREHOLDERS HAVE AN OPPORTUNITY TO RECOVER THEIR INVESTMENT LOSSESCLICK HERE TO VIEW THE FIRM RÉSUMÉ OF BERNSTEIN LIEBHARD LLP.
Yangtze River Port and Logistics Limited
Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Yangtze River Port and Logistics Limited (NASDAQ: YRIV) resulting from allegations that Yangtze River and/or its executives may have issued materially misleading business information to the investing public.
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YANGTZE RIVER LOSSES ALERT: BERNSTEIN LIEBHARD LLP ANNOUNCES INVESTIGATION OF YANGTZE RIVER PORT AND LOGISTICS LIMITED – YRIV
December 24, 2018.
New York, New York—Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Yangtze River Port and Logistics Limited (“Yangtze River” or the “Company”) (NASDAQ: YRIV) resulting from allegations that Yangtze River and/or its executives may have issued materially misleading business information to the investing public.
On December 6, 2018, Hidenburg Research published a report titled, “Yangtze River Port & Logistics: Total Zero. On-the-Ground Research Shows Assets Appear to be Largely Fabricated.” The report stated, among other things, that “[b]ased on government-sourced documents and interviews with local officials, we believe that at least 77% of the company’s reported assets are fabricated,” and “[d]espite the company’s SEC filings, which state that there are no material legal proceedings against the business, we found Chinese court records showing that the company has at least 11 judgements filed against them totaling RMB 766 million (USD $110 million).”
On this news, Yangtze River’s stock fell $1.63 per share or approximately 14% to close at $9.99 per share on December 6, 2018, damaging investors.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.