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Hongli Clean Energy Technologies Corp. (CETC)

OTC:CETC

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Hongli Clean Energy Technologies Corp. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Hongli Clean Energy Technologies Corp. (“Hongli” or the “Company”) (OTC:CETC) of the July 7, 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 Hongli stock or options between October 13, 2015 and April 7, 2017 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. 

The lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all those who purchased Hongli securities between October 13, 2015 and April 7, 2017 (the “Class Period”).  The case, Nasin v. Hongli Clean Energy Technologies Corp. Et Al, No. 2:17-cv-03244 was filed on May 8, 2017.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company did not properly record the impairment of its assets; and (2) as a result, the Company’s public statements were materially false and misleading.

Specifically, on April 7, 2017, NASDAQ halted trading of the Company’s securities.  Then, on April, 21, 2017, the Company filed a Form 8-K with the Securities and Exchange Commission (“SEC”) disclosing that it dismissed KSP Group, Inc. (“KSP”) as its independent auditors.  Subsequently, on April 26, 2017, the Company filed a Form 8-K with the SEC disclosing that KSP had a disagreement with the Company regarding whether the Company had properly recorded the impairment of its assets.

As a result of the Company’s securities being suspended, shares of Hongli are illiquid and rendered worthless.

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:
    Hongli Clean Energy Technologies Corp. (CETC)
  •    

* 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:

  • 05/09/2017

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