INVESTIGATION ALERT REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Nova Lifestyle, Inc. & Encoura...
December 24 2018 - 8:30AM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Nova Lifestyle, Inc. (“Nova Lifestyle” or “the
Company”) (NASDAQ: NVFY) for violations of §§10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. Andri Capital publish an article on
December 21, 2018, detailing its research on Nova Lifestyle.
According to the article, the Company “booked sales of over $50
million in recent years to two companies that either have been
dissolved or do not exist.” The report showed additional evidence
of false sales at Nova Lifestyle, stating: “other supposedly large
customers of [Nova Lifestyle] do not seem to recognize doing
business with Nova Lifestyle (possibly for over $60 million since
2011).” Based on this news, shares of Nova Lifestyle fell more than
32% the same day.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181224005024/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335Cell:
424-303-1964info@schallfirm.comwww.schallfirm.com
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