Hongli Clean Energy Technologies Corp. Securities Litigation
On or around 06/05/2019 (Other)
Filing Date: May 08, 2017
According to the law firm press release, the lawsuit alleges throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Hongli did not properly record the impairment of its assets; and (2) as a result, Hongli’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
On September 8, 2017, the Court issued an Order consolidating cases.
On November 21, 2017, the Court appointed Lead Plaintiffs and Counsel. Lead Plaintiffs voluntarily dismissed this case on June 3, 2019.
Company & Securities Information
Defendant: Hongli Clean Energy Technologies Corp.
Sector: Basic Materials
Industry: Non-Metallic Mining
Ticker Symbol: CETC
Company Market: OTC-BB
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Jarrod Nasin, et al. v. Hongli Clean Energy Technologies Corp., et al.