Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In China Finance Online Co., Ltd. To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in China Finance Online Co., Ltd. (“China Finance” or the “Company”) (NasdaqGS: JRJC) of the August 4, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
The lawsuit, pending in U.S. District Court for the Central District of California, alleges that
Zhiwei Zhao, Chairman and CEO of the Company, resigned from his positions at three key Chinese VIE subsidiaries of China Finance over the past few months after it was revealed that he had an indirect equity interest in a developer the Company had previously heavily invested in.
As a result of the foregoing, China Finance Online’s public statements were materially false and misleading at all relevant times.
On this news, shares of China Finance fell $1.28 per share, to close on June 3, 2015 at $5.67, a one-day decline of 22% on volume of over 3 million shares.
If you invested in China Finance stock or options between May 6, 2014 and June 3, 2015 and would like to discuss your legal rights, please fill out the form below. 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 firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding China Finance’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
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