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NEW YORK, February 17, 2019 (GLOBE NEWSWIRE) – Bragar Eagel & Squire, PC reminds investors that clbad actions have been filed on behalf of the shareholders of Goldman Sachs Group, Inc., Nova LifeStyle, Inc., Yangtze River Port and Logistics Limited and YRC Worldwide Inc. Shareholders have until the last time for court to serve as principal applicant. Additional information on each case is available on the link provided.
The Goldman Sachs Group, Inc. (NYSE: GS)
Period of the course: February 28, 2014 – December 17, 2018
Principal Applicant Deadline: February 19, 2019
The complaint alleges that, throughout the clbad action period, the defendants made false and misleading statements about the company's business, operational and compliance policies. Specifically, the accused made false and / or misleading statements and / or failed to disclose that: (i) Goldman Sachs participated in a fraud and money laundering scheme in collusion with 1MDB; (ii) the above-mentioned conduct, once revealed, would likely result in Goldman Sachs' intensified regulatory investigation and application; and (iii) as a result, Goldman Sachs' public statements were materially false and misleading at all relevant times.
To learn more about the Goldman Sachs Clbad Action, go to: https://bespc.com/gs/.
Nova LifeStyle, Inc. (NASDAQ: NVFY)
Period of the course: 3 December 2015 – 20 December 2018
Principal Applicant Deadline: February 26, 2019
The complaint alleges that, throughout the proceedings, the accused made false and / or misleading statements and / or failed to disclose the following: Shanxi Wanginq's $ 460 million long-term care facility in China; (2) Nova Lifestyle inflated its reported sales in 2016 and 2017 with Shanxi Wangqing and Merlino Lewis LLP; and (3) as a result, Nova Lifestyle's public statements were materially false and misleading at all relevant times.
To learn more about the Nova Lifestyle Clbad Action, go to: http://bespc.com/nvfy/.
Yangtze River Port and Logistics Limited (NASDAQ: YRIV)
Period of the course: 2 February 2016 – 5 December 2018
Principal Applicant Deadline: March 4, 2019
The complaint alleges that, throughout the clbad action period, the accused made false and / or misleading statements and / or did not disclose the following: (1) the alleged leasing of the Newport Logistics Center (Wuhan Yangtze River), the main badet of the company, was a manufacture; (2) Yangtze's only operating subsidiary, Wuhan Yangtze River, has been declared insolvent in China due to a number of default judgments. and (3) accordingly, the defendant's statements about its activities, operations and prospects were substantially false and misleading and / or lacked a reasonable basis at all relevant times.
To learn more about the Yangtze Clbad Action, go to: http://bespc.com/yriv/.
YRC Worldwide Inc. (NASDAQ: YRCW)
Period of the course: 10 March 2014 – 14 December 2018
Principal Applicant Deadline: March 4, 2019
The complaint alleges that, throughout the proceedings, the accused made false and / or misleading statements and / or did not disclose the following: (1) from 2005 to 2013 at least, YRC Worldwide's units systematically overloaded the federal government for freight transportation services; (2) this presumed fault led the Department of Defense to pay in excess of millions of dollars for lighter and therefore less expensive shipments than the weights for which the government was accused; (3) therefore, this alleged misconduct would subject YRC Worldwide to more scrutiny and more onerous government responsibilities, including potentially triable damages under the False Claims Act; and (4) as a result, YRC Worldwide's public statements were materially false and misleading at all relevant times.
To learn more about the YRC Worldwide clbad action, go to: http://bespc.com/yrcw/.
Bragar Eagel & Squire, P.C. is a New York-based law firm specializing in commercial litigation and securities litigation. For more information on Bragar Eagel & Squire, P.C. please go to www.bespc.com. Public Prosecutor. Previous results do not guarantee similar results.
contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
[email protected]
www.bespc.com
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