INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Lentuo International, Inc. (LAS) To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Lentuo International, Inc. (“Lentuo” or the “Company”) (NYSE: LAS).
The investigation focuses on whether the Company and its executives violated federal securities laws by issuance of certain statements.
On May 28, 2014, the website www.Seeking Alpha.com (“Seeking Alpha”) published an article revealing that Lentuo had failed to disclose that a related Chinese entity owned by its chairman incurred 250 RMB in secured debt. Then, on June 2, 2014, Seeking Alpha published a follow-up article accusing Lentuo of failing to adequately respond to its allegations. Following this, Lentuo shares declined by $0.34, or more than 9%, to close at $3.15 per share on June 5, 2014.
On March 10, 2015, Beijing Business Today revealed that Lentuo’s business operations are in trouble, causing the Company to partially shut down all of its 4S stores. On this news, $0.04 per share, or more than 6%, to close at $0.55 per share on March 10, 2015.
If you invested in Lentuo stock or options through March 10, 2015 and would like to discuss your legal rights, please Lentuo International, Inc. (LAS)contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Lentuo’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.