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Adomani, Inc.
According to the Complaint, the Company made false and misleading statements to the market. Adomani’s Offering Circular failed to include biographical information for the Company’s CTO, Edward R. Monfort, and director nominee John F. Perkowski. In particular, the Offering Circular omitted the fact that Monfort and Perkowski have served as executives and/or directors at “penny stock” companies which have resulted in shareholders losing the large majority of their investment. Since its IPO, the Company’s stock is trading approximately 90% lower than its offering price. When the market learned the truth about Adomani, investors suffered damages.
Press Release
IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Adomani, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Los Angeles, November 28, 2018 — The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Adomani, Inc. (“Adomani” or “the Company”) (NASDAQ: ADOM) 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.
Investors who purchased the Company’s shares pursuant to and/or traceable to the Registration Statement and Prospectus issued in connection with Adomani’s initial public offering on June 15, 2017, are encouraged to contact the firm before March 1, 2019.
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.
According to the Complaint, the Company made false and misleading statements to the market. Adomani’s Offering Circular failed to include biographical information for the Company’s CTO, Edward R. Monfort, and director nominee John F. Perkowski. In particular, the Offering Circular omitted the fact that Monfort and Perkowski have served as executives and/or directors at “penny stock” companies which have resulted in shareholders losing the large majority of their investment. Since its IPO, the Company’s stock is trading approximately 90% lower than its offering price. When the market learned the truth about Adomani, investors suffered damages.
Join the case to recover your losses.
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.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
www.schallfirm.com
310-301-3335
info@schallfirm.com
SOURCE:
The Schall Law Firm