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MONDAY DEADLINE NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Hebron Technology Co., Ltd. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
August 06, 2020 10:07 AM EDT | Source: Schall Law Firm
Los Angeles, California--(Newsfile Corp. - August 6, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Hebron Technology Co., Ltd. ("Hebron" or "the Company") (NASDAQ: HEBT) 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 securities between April 24, 2020 and June 3, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before August 10, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, 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 brian@schallfirm.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. Several of Hebron's acquisitions, such as Beijing Hengpu and Nami Holding (Cayman) Co., Ltd., were actually deals with undisclosed related parties. The Company lacked sufficient controls over related-party transactions. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Hebron, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/61195