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Sinovac Biotech Ltd. (SVA)

NASDAQ:SVA

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Sinovac Biotech, Ltd. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Sinovac Biotech, Ltd. (“Sinovac” or the “Company”) (NASDAQ:SVA) of the September 1, 2017 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Sinovac Biotech, Ltd. stock or options between April 30, 2013 and May 16, 2017 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. 

The lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all those who purchased Sinovac securities between April 30, 2013 and May 16, 2017 (the “Class Period”).  The case, Luo v. Sinovac Biotech, Ltd. et al, No. 2:17-cv-04883 was filed on July 3, 2017.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) Defendant Yin bribed a member of the Chinese Food and Drug Administration to assist the Company’s vaccine clinical trial and approval; (2) such conduct would subject the Company to heightened regulatory scrutiny; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Specifically, On December 21, 2016, analyst firm GeoInvesting, LLC published a report on the
Company asserting, among other things, that Defendant Yin bribed
a member of the Chinese Food and Drug Administration to assist its vaccine clinical trial.

After the announcement, Sinovac’s share price fell from $5.65 per share on December 20, 2016 to a closing price of $5.55 on December 21, 2016—a $0.10 or a 1.77% drop.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. 

Faruqi & Faruqi, LLP also encourages anyone with information regarding Sinovac’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

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:
    Sinovac Biotech Ltd. (SVA)
  •    

* 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

Email:

Case Details

Date:

  • 07/03/2017

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.