Déjà vu! All over again…!
Today I read the announcement of the Kirby McInerney LLP intention to investigate potential claims against the beleaguered Board of Directors of Kandi Technologies Group, Inc., a company in which I maintain a long position. While reading the announcement I suddenly understood what Yogi Berra meant when announcing, "Déjà vu, all over again. I have copied below the Kirby McInerney LLP announcement. I also copied the Glancy Binkow and Goldberg LLP announcement released May 7, 2013 - Déjà vu! All over again! Yogi was a genius!
I think what all fellow Kandi shareholders shoud do is find an esteemed law firm like Kirby McInerney or Glancy Binkow & Goldberg and have the firm issue an announcement that they are seeking to form a class action against SeekingAlpha, SharesSleuth (Mark Cuban et al), Jim Cramer, Glancy Binkow & Goldberg, and Kirby McInerney. All who we believe have conspired in an orchestrated and concerted effort to distort certain facts surrounding Kandi and move the stock price lower by essentially forming a controlled group in an attempt to achieve financial gain from insider trading.
I wonder what law firm Yogi would have used…?
The two "investigations"...
Released today - June 11, 2014
NEW YORK--(BUSINESS WIRE)--
Kirby McInerney LLP is investigating potential claims against the Board of Directors of Kandi Technologies Group, Inc. ("Kandi" or the "Company") (NASDAQ:KNDI) related to fraud charges brough against Shawn A. Becker ("Becker"), Roger D. Lockhart ("Lockhart"), and George Tazbaz ("Tabaz") by the Securities and Exchange Commission ("SEC").
The investigation concerns whether the Kandi Board of Directors violated its fiduciary duties by allowing Becker, Lockhart, and Tazbaz to orchestrate manipulative trading in Kandi stock in 2009 and 2010. In 2009, the Company's CEO issued 350,000 additional shares of Kandi to Lockhart and Tazbaz for the purposes of compensating various stock promoters in the United States, including Becker, in exchange for their services. The promoters allegedly agreed to laud the Company's stock and manipulate the price to $3 per share by the end of 2009.
If you are a Kandi stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.
Kirby McInerney LLP
J. Brandon Walker, Esq., 212-699-1145
Released May 7, 2014
LOS ANGELES--(BUSINESS WIRE)--
Glancy Binkow & Goldberg LLP is investigating potential claims against the Board of Directors of Kandi Technologies Group, Inc. ("Kandi" or the "Company") (KNDI) related to fraud charges brought against George Tazbaz ("Tazbaz"), Shawn A. Becker ("Becker"), and Roger Lockhart ("Lockhart") by the Securities and Exchange Commission ("SEC").
This investigation concerns whether the Board of Directors of Kandi breached their fiduciary duties to stockholders by allowing the CEO to issue 350,000 additional shares in the Company to Lockhart and Tazbaz for the purposes of compensating various stock promoters in the United States, including Becker. According to the SEC, the promoters allegedly agreed to laud Kandi's stock and manipulate the price to $3 per share by the end of 2009 in exchange for shares in the Company.
If you are a shareholder of KNDI, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to email@example.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP
Louis Boyarsky, Esquire
310-201-9150 or 888-773-9224
Disclosure: The author is long KNDI.