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Agria Corporation (GRO)

NYSE:GRO

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Agria Corporation To Contact The Firm Before Lead Plaintiff Deadline

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Agria Corporation (“Agria” or the “Company”) (NYSE:GRO) of the January 9, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all those who purchased Agria American Depository Shares (“ADSs”) between December 16, 2011 and November 4, 2016 (the “Class Period”).  The case, BALON v. AGRIA CORPORATION et al., No. 16-cv-08376 was filed on November 9, 2016, and has been assigned to Judge Leda D. Wettre.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that the Company and its executives had been engaging in trading to artificially inflate the Company’s ADS’s price.

Specifically, on November 4, 2016, Agria issued a press release announcing that it received a letter from New York Stock Exchange (“NYSE”) on November 3, 2016, informing the Company that the NYSE decided to commence proceedings to delist Agria ADS from the NYSE.  The NYSE claimed that certain Company executives had been trading Agria ADSs in an effort to inflate the stock price.  Further, the Company also disclosed that, on December 23, 2015, it had received a subpoena from the SEC relating to a SEC’s nonpublic investigation onto Agria’s historic and ongoing business operations in China.

After these announcements, Agria ADS was suspended on November 3, 2016 at a closing price of $0.85 per ADS.

Take Action

If you invested in Agria ADSs between December 16, 2011 and November 4, 2016 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 rgonnello@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding Agria’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:
    Agria Corporation (GRO)
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* 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:

  • 11/09/2016

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