LOS ANGELES--(BUSINESS WIRE)--
The Schall Law Firm, a
national shareholder rights litigation firm, announces the filing
of a class action lawsuit against China Auto Logistics Inc. (âChina
Auto Logisticsâ or ''the Company'') (NASDAQ: CALI) for violations of
Â§Â§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
Investors who purchased the Company's shares
between March 28, 2017 and April 13, 2018, inclusive (the ''Class
Period''), are encouraged to contact the firm before August 6,
If you are a shareholder who suffered a loss,
click here to
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 [email protected]
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 throughout the class
period. China Auto Logistics failed to establish and maintain
sufficient internal controls over reporting certain types of
relationships and related transactions. Based on these inadequate
controls, the Companyâs public statements were false and materially
misleading throughout the class period.
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.
View source version on