Faruqi and Faruqui, LLP Logo
Share this page

Pingtan Marine Enterprise Ltd. (PME)



Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Pingtan Marine Enterprise Ltd. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Pingtan Marine Enterprise Ltd. (“Pingtan” or the “Company”) (NASDAQ:PME).

The investigation focuses on whether the Company and its executives violated federal securities laws.  Specifically, during intraday trading on May 10, 2017, Aurelius Value published a research report claiming that the Company “has engaged in fraudulent and illegal activities that conceal the reality that its shares likely have zero value.”  Among the accusations, the report mentions that the Company’s fishing base has been investigated by the armed forces and government of Indonesia for forgery and forced labor.

After the publication of this report, the company’s stock price has declined as much as 33% from its closing price on May 9, 2017.

If you invested in Pingtan stock or options and would like to discuss your legal rights, please fill out the form below. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. 

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Pingtan Marine Enterprise Ltd. (PME)

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330


Case Details


  • 05/10/2017

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.