NEW YORK, Jan. 5, 2017 /PRNewswire/ -- 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 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 ADSs 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 disclosed that, on December 23, 2015, it received a subpoena from
the Securities and Exchange Commission ("SEC") relating to a
nonpublic investigation into Agria's historic and ongoing business
operations in China.
After these announcements, Agria ADSs was suspended on
November 3, 2016 at a closing price
of $0.85 per ADS.
Request more information now by clicking here:
www.faruqilaw.com/GRO. There is no cost or obligation to
you.
Take Action
If you invested in Agria ADSs between December 16, 2011 and November 4, 2016 and would like to discuss your
legal rights, visit www.faruqilaw.com/GRO. 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.
The court-appointed lead plaintiff is the investor with the
largest financial interest in the relief sought by the class that
is adequate and typical of class members who directs and oversees
the litigation on behalf of the putative class. Any member of the
putative class may move the Court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member. Your ability to share in any
recovery is not affected by the decision of whether or not to serve
as a lead plaintiff.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with
respect to any future matter. We welcome the opportunity to discuss
your particular case. All communications will be treated in a
confidential manner.
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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SOURCE Faruqi & Faruqi, LLP
