ONGOING INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against ECMOHO Limited and Encourages Investors with Losses of $100,000 to Contact the Firm
Los Angeles, California--(Newsfile Corp. - July 29, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of ECMOHO Limited ("ECMOHO" or "the Company") (NASDAQ: MOHO) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. ECMOHO announced its preliminary financial results for fiscal year 2019 on March 30, 2020. The Company reported revenue of approximately $329 million and net income between $3.1 million and $3.7 million. Based on this news, shares of ECMOHO fell by 46% the next day.
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 firstname.lastname@example.org.
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.
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.
The Schall Law Firm
Brian Schall, Esq.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/60793