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NEW YORK, Oct. 03, 2021 (GLOBE NEWSWIRE) – Pomerantz LLP is investigating claims on behalf of investors from China Evergrande Group (“China Evergrande” or the “Company”) (OTCMKTS: EGRNY; EGRNF). These investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation aims to determine whether China Evergrande and any of its officers and / or directors have engaged in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
September 18, 2021, The Wall Street Journal published an article titled “Comment Beijing’s Debt Clampdown Shook the Foundation of a Real-Estate Colossus: China Evergrande’s looming collapse and its ripple effect on the economy will pose a test for the government country to keep affordable housing for the masses”. The article reported, among other things, that “[y]aggressive borrowing ears collided with Beijing’s debt crackdown, leaving [China Evergrande] on the verge of collapse. Following this news, the China Evergrande share price fell sharply, hurting investors.
Pomerantz, with offices in New York, Chicago, Los Angeles and Paris, is recognized as one of the leading firms in the areas of corporate law, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as the Dean of the Class Actions Bar, Pomerantz was a pioneer in the field of securities class actions. Today, more than 80 years later, Pomerantz continues the tradition it established, fighting for the rights of victims of securities fraud, breach of fiduciary duty and professional misconduct. The firm has recovered numerous multi-million dollar damages on behalf of the members of the group. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz srl
[email protected]
888-476-6529 ext 7980
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