{"id":12796,"date":"2020-08-06T12:30:00","date_gmt":"2020-08-06T12:30:00","guid":{"rendered":"https:\/\/wordpress2.hdnweb.com\/2020\/08\/06\/deadline-reminder-the-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-kandi-technologies-group-inc-kndi\/"},"modified":"2020-08-06T12:30:00","modified_gmt":"2020-08-06T12:30:00","slug":"deadline-reminder-the-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-kandi-technologies-group-inc-kndi","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/08\/06\/deadline-reminder-the-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-kandi-technologies-group-inc-kndi\/","title":{"rendered":"Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Kandi Technologies Group, Inc. (KNDI)"},"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\">BENSALEM, Pa.<\/span>, <span class=\"xn-chron\">Aug. 6, 2020<\/span> \/PRNewswire\/ &#8212; Law Offices of Howard G. Smith\u00a0reminds investors of the upcoming\u00a0<b><span class=\"xn-chron\">August 10<\/span><\/b><b>, 2020 <\/b>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Kandi Technologies Group, Inc. \u00a0(&#8220;Kandi&#8221; or the &#8220;Company&#8221;) (NASDAQ: KNDI) \u00a0securities between <b><span class=\"xn-chron\">June 10, 2015<\/span> and <span class=\"xn-chron\">March 13, 2017<\/span>, <\/b>inclusive (the &#8220;Class Period&#8221;).<\/p>\n<p>Investors suffering losses on their Kandi investments are encouraged to contact the Law Offices of <span class=\"xn-person\">Howard G. Smith<\/span> to discuss their legal rights in this class action at 888-638-4847 or by email to <a target=\"_blank\" href=\"mailto:howardsmith@howardsmithlaw.com\" rel=\"nofollow\">howardsmith@howardsmithlaw.com<\/a>.<\/p>\n<p>On this news, Kandi&#8217;s share price fell <span class=\"xn-money\">$0.40<\/span> per share, or more than 10%, to close at <span class=\"xn-money\">$3.50<\/span> per share on <span class=\"xn-chron\">November 14, 2016<\/span>, damaging investors.<\/p>\n<p>On <span class=\"xn-chron\">March 13, 2017<\/span>, the Company filed a Form 8-K with the SEC revealing that its previously issued financial statements for the years ended <span class=\"xn-chron\">December 31, 2015<\/span> and 2014, and the first three quarters for the year ended <span class=\"xn-chron\">December 31, 2016<\/span> will need to be restated. <\/p>\n<p>On this news, Kandi&#8217;s share price fell <span class=\"xn-money\">$0.30<\/span> per share, or approximately 6%, to close at <span class=\"xn-money\">$4.05<\/span> per share on <span class=\"xn-chron\">March 14, 2017<\/span>, further damaging 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 certain areas in the Company&#8217;s previously issued financial statements for the years ended <span class=\"xn-chron\">December 31, 2015<\/span> and 2014, and the first three quarters for the year ended <span class=\"xn-chron\">December 31, 2016<\/span> required adjustment; (2) that in turn, the Company lacked effective controls over financial reporting; and (3) that as a result, Defendants&#8217; statements about the Company&#8217;s business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n<p>If you purchased \u00a0or otherwise acquired Kandi securities, you may move the Court no later than\u00a0<b><span class=\"xn-chron\">August 10<\/span> , 2020, <\/b>to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. 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 these matters, please contact <span class=\"xn-person\">Howard G. Smith, Esquire<\/span>, of Law Offices of <span class=\"xn-person\">Howard G. Smith<\/span>, 3070 Bristol Pike, Suite 112, <span class=\"xn-location\">Bensalem, Pennsylvania<\/span> 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to\u00a0<a target=\"_blank\" href=\"mailto:howardsmith@howardsmithlaw.com\" rel=\"nofollow\">howardsmith@howardsmithlaw.com<\/a>, or visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2877982-1&amp;h=1072867544&amp;u=http%3A%2F%2Fwww.howardsmithlaw.com%2F&amp;a=www.howardsmithlaw.com\" rel=\"nofollow\">www.howardsmithlaw.com<\/a>.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>\u00a0<\/p>\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=PH84391&amp;sd=2020-08-06\"\/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/deadline-reminder-the-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-kandi-technologies-group-inc-kndi-301107754.html\">http:\/\/www.prnewswire.com\/news-releases\/deadline-reminder-the-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-kandi-technologies-group-inc-kndi-301107754.html<\/a><\/p>\n<p>SOURCE  Law Offices of <span class=\"xn-person\">Howard G. Smith<\/span><\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH84391&amp;Transmission_Id=202008061230PR_NEWS_USPR_____PH84391&amp;DateId=20200806\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">BENSALEM, Pa.<\/span>, <span class=\"xn-chron\">Aug. 6, 2020<\/span> \/PRNewswire\/ &#8212; Law Offices of Howard G. Smith\u00a0reminds investors of the upcoming\u00a0<b><span class=\"xn-chron\">August 10<\/span><\/b><b>, 2020 <\/b>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Kandi Technologies Group, Inc. \u00a0(&#8220;Kandi&#8221; or the &#8220;Company&#8221;) (NASDAQ: KNDI) \u00a0securities between <b><span class=\"xn-chron\">June 10, 2015<\/span> and <span class=\"xn-chron\">March 13, 2017<\/span>, <\/b>inclusive (the &#8220;Class&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"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-12796","post","type-post","status-publish","format-standard","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>Deadline Reminder: The Law Offices of Howard G. 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