SpaceX Seeks FCC Approval for Massive Solar-Powered Satellite Network to Support AI Data Centers 
Novo Nordisk Warns of Profit Decline as Wegovy Faces U.S. Price Pressure and Rising Competition 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
SoftBank and Intel Partner to Develop Next-Generation Memory Chips for AI Data Centers 
Disney Board Nears CEO Decision as Josh D’Amaro Emerges as Leading Candidate 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
CK Hutchison Unit Launches Arbitration Against Panama Over Port Concessions Ruling 
Denso Cuts Profit Forecast Amid U.S. Tariffs and Rising Costs 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Tesla Launches New Model Y Variant in the US Starting at $41,990 
Using the Economic Calendar to Reduce Surprise Driven Losses in Forex 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
IRVINE, Calif., Aug. 21, 2017 -- Khang & Khang LLP (the “Firm”) announces a securities class action lawsuit against Pingtan Marine Enterprise Ltd. (“Pingtan” or the “Company”) (Nasdaq:PME). Investors who purchased or otherwise acquired Pingtan shares from August 8, 2016 through May 10, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm by the August 22, 2017 lead plaintiff motion deadline.
If you purchased Pingtan shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone: (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member as well.
According to the Complaint, during the Class Period, Pingtan made false and/or misleading statements and/or failed to disclose that: Pingtan is banned from Indonesia; that the Company has used investor capital to finance illegal activity; and that as a result, Pingtan’s public statements were materially false and misleading at all relevant times. On May 10, 2017, Aurelius Value published a report which alleged that the Company is specifically banned from Indonesia and that it used investor capital to finance widespread illegal activity. When this information reached the public, Pingtan’s stock price lowered materially, which caused investors harm according to the Complaint.
If you want to learn more about this lawsuit, or if you have questions about this notice or your rights, please contact Joon M. Khang, a prominent litigator for nearly two decades, by telephone at (949) 419-3834, or by e-mail at [email protected].
This press release may constitute Attorney Advertising in some jurisdictions.
Contact Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 [email protected]
