{"id":12358,"date":"2020-08-05T11:00:00","date_gmt":"2020-08-05T11:00:00","guid":{"rendered":"https:\/\/wordpress2.hdnweb.com\/2020\/08\/05\/glancy-prongay-murray-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-kingold-jewelry-inc-kgji\/"},"modified":"2020-08-05T11:00:00","modified_gmt":"2020-08-05T11:00:00","slug":"glancy-prongay-murray-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-kingold-jewelry-inc-kgji","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/08\/05\/glancy-prongay-murray-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-kingold-jewelry-inc-kgji\/","title":{"rendered":"Glancy Prongay &#038; Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Kingold Jewelry, Inc. (KGJI)"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">LOS ANGELES<\/span>, <span class=\"xn-chron\">Aug. 5, 2020<\/span> \/PRNewswire\/ &#8212; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2876408-1&amp;h=1482307037&amp;u=https%3A%2F%2Fwww.glancylaw.com%2F&amp;a=Glancy+Prongay+%26+Murray+LLP\" rel=\"nofollow\"><span class=\"xn-person\">Glancy Prongay<\/span> &amp; Murray LLP<\/a> (&#8220;GPM&#8221;) reminds investors of the upcoming\u00a0<b><span class=\"xn-chron\">August 31<\/span>, 2020\u00a0<\/b>deadline to file a lead plaintiff motion in the class action filed on behalf of Kingold Jewelry, Inc.\u00a0 (&#8220;Kingold&#8221; or &#8220;the Company&#8221;) (NASDAQ: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2876408-1&amp;h=896791507&amp;u=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2FKGJI%3Fp%3DKGJI%26.tsrc%3Dfin-srch&amp;a=KGJI\" rel=\"nofollow\">KGJI<\/a>) securities between <b><span class=\"xn-chron\">March 15, 2018<\/span> and <span class=\"xn-chron\">June 28, 2020<\/span><\/b><b>,<\/b> inclusive (the &#8220;Class Period&#8221;).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/1219482\/Glancy_Prongay_and_Murray_LLP.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1219482\/Glancy_Prongay_and_Murray_LLP.jpg\" title=\"(PRNewsfoto\/Glancy Prongay &amp; Murray LLP)\" alt=\"(PRNewsfoto\/Glancy Prongay &amp; Murray LLP)\"\/><\/a>\n                <\/p>\n<\/p><\/div>\n<p>If you suffered a loss on your Kingold investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2876408-1&amp;h=3774664342&amp;u=https%3A%2F%2Fwww.glancylaw.com%2Fcases%2Fkingold-jewelry-inc%2F&amp;a=https%3A%2F%2Fwww.glancylaw.com%2Fcases%2Fkingold-jewelry-inc%2F\" rel=\"nofollow\">https:\/\/www.glancylaw.com\/cases\/kingold-jewelry-inc\/<\/a>. You can also contact <span class=\"xn-person\">Charles H. Linehan<\/span>, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at <a target=\"_blank\" href=\"mailto:shareholders@glancylaw.com\" rel=\"nofollow\">shareholders@glancylaw.com<\/a> to learn more about your rights.<\/p>\n<p>On <span class=\"xn-chron\">June 29, 2020<\/span>, multiple news outlets reported that Kingold may have used counterfeit gold as collateral to secure loans from more than a dozen Chinese financial institutions. <\/p>\n<p>On this news, Kingold&#8217;s share price fell <span class=\"xn-money\">$0.27<\/span> per share, or more than 24%, to close at <span class=\"xn-money\">$0.85<\/span> per share on <span class=\"xn-chron\">June 29, 2020<\/span>, thereby injuring investors.<\/p>\n<p>The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company&#8217;s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Kingold used fake gold as collateral to fraudulently secure loans; (2) that consequently, the Company would face creditor lawsuits and be delisted from the Shanghai Gold Exchange; and (3) as a result, defendants&#8217; statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times. <\/p>\n<p>Follow us for updates on <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2876408-1&amp;h=1775377642&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fglancy-prongay-murray-llp&amp;a=LinkedIn\" rel=\"nofollow\">LinkedIn<\/a>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2876408-1&amp;h=34549183&amp;u=https%3A%2F%2Ftwitter.com%2FGPM_llp&amp;a=Twitter\" rel=\"nofollow\">Twitter<\/a>, or <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2876408-1&amp;h=3772113366&amp;u=https%3A%2F%2Fwww.facebook.com%2FGlancyLawFirm%2F&amp;a=Facebook\" rel=\"nofollow\">Facebook<\/a>.<\/p>\n<p>If you purchased or otherwise acquired Kingold securities during the Class Period, you may move the Court no later than\u00a0<b><span class=\"xn-chron\">August 31, 2020<\/span> <\/b>to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact <span class=\"xn-person\">Charles Linehan, Esquire<\/span>, of GPM, 1925 Century Park East, Suite 2100, <span class=\"xn-location\">Los Angeles, California<\/span> 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to <a target=\"_blank\" href=\"mailto:shareholders@glancylaw.com\" rel=\"nofollow\">shareholders@glancylaw.com<\/a>, or visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2876408-1&amp;h=2592711389&amp;u=http%3A%2F%2Fwww.glancylaw.com%2F&amp;a=www.glancylaw.com\" rel=\"nofollow\">www.glancylaw.com<\/a>.\u00a0 If you inquire by email please include your mailing address, telephone number and number of shares purchased. <\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA82765&amp;sd=2020-08-05\"\/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/glancy-prongay--murray-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-kingold-jewelry-inc-kgji-301106583.html\">http:\/\/www.prnewswire.com\/news-releases\/glancy-prongay&#8211;murray-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-kingold-jewelry-inc-kgji-301106583.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Glancy Prongay<\/span> &amp; Murray LLP<\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA82765&amp;Transmission_Id=202008051100PR_NEWS_USPR_____LA82765&amp;DateId=20200805\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">LOS ANGELES<\/span>, <span class=\"xn-chron\">Aug. 5, 2020<\/span> \/PRNewswire\/ &#8212; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2876408-1&amp;h=1482307037&amp;u=https%3A%2F%2Fwww.glancylaw.com%2F&amp;a=Glancy+Prongay+%26+Murray+LLP\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Glancy Prongay<\/span> &amp; Murray LLP<\/a> (&#8220;GPM&#8221;) reminds investors of the upcoming\u00a0<b><span class=\"xn-chron\">August 31<\/span>, 2020\u00a0<\/b>deadline to file a lead plaintiff motion in the class action filed on behalf of Kingold Jewelry, Inc.\u00a0&#8230;<\/p>\n","protected":false},"author":1,"featured_media":12359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-12358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-geovanny-vicente"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glancy Prongay &amp; Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Kingold Jewelry, Inc. (KGJI) - Multisitio 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wordpress2.hdnweb.com\/en\/2020\/08\/05\/glancy-prongay-murray-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-kingold-jewelry-inc-kgji\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glancy Prongay &amp; Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Kingold Jewelry, Inc. (KGJI) - Multisitio 2\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES, Aug. 5, 2020 \/PRNewswire\/ -- Glancy Prongay &amp; Murray LLP (&quot;GPM&quot;) reminds investors of the upcoming\u00a0August 31, 2020\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of Kingold Jewelry, Inc.\u00a0...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wordpress2.hdnweb.com\/en\/2020\/08\/05\/glancy-prongay-murray-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-kingold-jewelry-inc-kgji\/\" \/>\n<meta property=\"og:site_name\" content=\"Multisitio 2\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-05T11:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wordpress2.hdnweb.com\/wp-content\/uploads\/2020\/05\/12358_1_10579.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1022\" \/>\n\t<meta property=\"og:image:height\" content=\"215\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"venred\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"venred\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/2020\\\/08\\\/05\\\/glancy-prongay-murray-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-kingold-jewelry-inc-kgji\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/2020\\\/08\\\/05\\\/glancy-prongay-murray-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-kingold-jewelry-inc-kgji\\\/\"},\"author\":{\"name\":\"venred\",\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/#\\\/schema\\\/person\\\/c112e8e970f2cfc8553cdb5392b493ad\"},\"headline\":\"Glancy Prongay &#038; Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Kingold Jewelry, Inc. 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