INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses In Excess Of $100,000 From Investment In Agria Corp. To ...
19 Novembre 2016 - 5:45AM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that a class action lawsuit has
been commenced in the United States District Court for the District
of New Jersey on behalf of purchasers of Agria
Corporation (NYSE: GRO) (“Agria” or the “Company”)
American Depositary Shares (“ADSs”) between December 16,
2011 and November 4, 2016, inclusive (the “Class
Period”). Investors who wish to become proactively involved in the
litigation have until January 9, 2017 to seek appointment as lead
plaintiff.
If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff and be selected by
the Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a
settlement for the Class in the action. The lead plaintiff will be
selected from among applicants claiming the largest loss from
investment in Agria ADSs during the Class Period. Members of the
Class will be represented by the lead plaintiff and counsel chosen
by the lead plaintiff. No class has yet been certified in the above
action.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the defendants’
failure to disclose during the Class Period that Defendants were
conducting large volume trading to artificially inflate the price
of Agria’s ADSs to meet the New York Stock Exchange’s (“NYSE”)
listing standards and to avoid being delisted, and Agria lacked
sufficient internal controls over financial reporting.
According to the complaint, following a November 4, 2016 press
release announcing that the NYSE decided to commence proceedings to
delist Agria’s ADSs and that the Company had received a subpoena
from the Securities and Exchange Commission regarding historic and
ongoing business operations, the value of Agria ADSs declined
significantly.
If you have suffered a loss in excess of $100,000 from
investment in Agria ADSs purchased on or after December 16, 2011
and held through the revelation of negative information during
and/or at the end of the Class Period and would like to learn more
about this lawsuit and your ability to participate as a lead
plaintiff, without cost or obligation to you, please visit our
website at http://www.browerpiven.com/currentsecuritiescases.html.
You may also request more information by contacting Brower Piven
either by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. Brower Piven also encourages anyone with information
regarding the Company’s conduct during the period in question to
contact the firm, including whistleblowers, former employees,
shareholders and others.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s. If you
choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time to be
a member of the class.
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version on businesswire.com: http://www.businesswire.com/news/home/20161118005621/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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