{"id":393285,"date":"2020-12-03T18:22:04","date_gmt":"2020-12-03T23:22:04","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393285"},"modified":"2020-12-03T18:22:04","modified_gmt":"2020-12-03T23:22:04","slug":"investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\/","title":{"rendered":"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Kandi Technologies Group"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Dec.  03, 2020  (GLOBE NEWSWIRE) &#8212; The law firm of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=uQEYkTUCTW87RrZccZL9pwvXV4G7-rM6hrWqXIPobwcy_DC9exCunn9KmzRn-I-3RisQBsmFLxZpD42W81gBoQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Kirby McInerney LLP<\/u><\/a> is investigating potential claims against Kandi Technologies Group (\u201cKandi\u201d or the \u201cCompany\u201d) (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=txaOPTojN8gQZM7SuxTq3cygnHz96Zs18PcljvowMlJUl6o3BfgViR80Bx3ORD-VlaeTlwdlNTw740K4DEG8lQ-KsIzOYPZrMS-c4r2FDnCvLDq3uK_JqhdxI1BsrGuB\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">KNDI<\/a>). The investigation focuses on whether the Company has violated the federal securities laws and\/or engaged in other unlawful business practices.<\/p>\n<p align=\"justify\">On November 30, 2020, Hindenburg Research (\u201cHidenberg\u201d) published a research report concerning Kandi Technologies Group, Inc., calling Kandi \u201ca brazen scheme\u201d that \u201cfalsif[ied] revenue using fake sales to undisclosed affiliates.\u201d Hindenburg said that its report was based on \u201cinterviews with over a dozen former employees and business partners\u201d of Kandi, as well as an \u201cextensive on-the-ground inspection at Kandi\u2019s factories and customer locations in China.\u201d Hindenburg asserted that approximately 64% of Kandi\u2019s sales in the last twelve months were to undisclosed related parties, and that Kandi \u201chas consistently booked revenue it cannot collect, a classic hallmark of fake revenue.\u201d\u00a0<\/p>\n<p align=\"justify\">On this news, Kandi\u2019s stock price fell by $3.86 per share, or approximately 28%, to close at\u00a0$9.76\u00a0per share on November 30, 2020.<\/p>\n<p align=\"justify\">If you purchased or otherwise acquired Kandi securities, have information, or would like to learn more about these claims, please contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MmJ2HI4NPU6hNqHTXP07i4t1A90XJ_Hck8vBVi7w1cpxcu49ByGH6exLJFKJw6aMHzjCEmWI5u8kGNdu85sBVX7wjvcWnvg_7AsYKD3GvJ8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Thomas W. Elrod<\/u><\/a> of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=uQEYkTUCTW87RrZccZL9p8m6SOpGSglROHxs4VifGN3OCXjUBpQ1U4mE4bFZ-9CAzs1QCNgaTktbBm3adRhXVw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Kirby McInerney LLP<\/u><\/a> at 212-371-6600, by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fL5zdAyXzlXCESTkEBoOlbR-7NQ9E1lxmKBWdz97ecpKnZUPN9LSdsKDJmEtRXh3A7g_2XFIOm8dhkgku0yRzv7nAn212RLF_LENSmP-29U=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@kmllp.com<\/u><\/a>, or by filling out this <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qDTet0earZYTQNPeJ2ftDK8GEIBKZE_BIJ5clXZ9yamBlrE_Q1I8hQ9u8p17qELfyLVvVzdrhuuzjT4nQl_pzjrte88oEDRSCJiVUfrz3aV6ubhjqzzm52p0TUE_GgZ0\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">contact form<\/a>, to discuss your rights or interests with respect to these matters without any cost to you.<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=uQEYkTUCTW87RrZccZL9p6FlAaT05kej3ZNkAT5LHzHaOAbHGPBvpwj06jnyd3PvjAVa-lwK3CyxfKh-v8_0Cw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <u>Kirby McInerney LLP<\/u><br \/>\n        <\/a> is a New York-based plaintiffs\u2019 law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm\u2019s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP\u2019s website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=F87RqJ3gF8VdgX4c65BVLPn-ge0y_DrkOCWpihTxzHvmErDaxh50aqaJaR2PqvEFkjdrVzwKqlmSSIgFlEb__w==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>http:\/\/www.kmllp.com<\/u><\/a>.<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p align=\"justify\">Contacts<br \/>Kirby McInerney LLP<br \/>Thomas W. Elrod, Esq.<br \/>212-371-6600<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oe4NbhPJsrtYYjryYShvkcpr1fxTMC4b39d_gL3lhlhorkoKotB0eIVNZ0wiBc5hEHr6rqQCMx8NmlEBz1RfpQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/www.kmllp.com<\/u><\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fL5zdAyXzlXCESTkEBoOlbR-7NQ9E1lxmKBWdz97ecrd2DPoO6UQT6ob8BBBQoAmbz_1cwvgYC7U1Or3LwV8c1JJman060YuXwwmyOuhsrY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@kmllp.com<\/u><\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NjYzOCMzODU2MDM3IzIwMjA2Njk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/905ce56f-6590-4cd7-95a2-63c293a6ef67\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec. 03, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP is investigating potential claims against Kandi Technologies Group (\u201cKandi\u201d or the \u201cCompany\u201d) (NASDAQ: KNDI). The investigation focuses on whether the Company has violated the federal securities laws and\/or engaged in other unlawful business practices. On November 30, 2020, Hindenburg Research (\u201cHidenberg\u201d) published a research report concerning Kandi Technologies Group, Inc., calling Kandi \u201ca brazen scheme\u201d that \u201cfalsif[ied] revenue using fake sales to undisclosed affiliates.\u201d Hindenburg said that its report was based on \u201cinterviews with over a dozen former employees and business partners\u201d of Kandi, as well as an \u201cextensive on-the-ground inspection at Kandi\u2019s factories and customer locations in China.\u201d Hindenburg asserted that approximately 64% of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Kandi Technologies Group&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393285","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Kandi Technologies Group - Market Newsdesk<\/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:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Kandi Technologies Group - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 03, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP is investigating potential claims against Kandi Technologies Group (\u201cKandi\u201d or the \u201cCompany\u201d) (NASDAQ: KNDI). The investigation focuses on whether the Company has violated the federal securities laws and\/or engaged in other unlawful business practices. On November 30, 2020, Hindenburg Research (\u201cHidenberg\u201d) published a research report concerning Kandi Technologies Group, Inc., calling Kandi \u201ca brazen scheme\u201d that \u201cfalsif[ied] revenue using fake sales to undisclosed affiliates.\u201d Hindenburg said that its report was based on \u201cinterviews with over a dozen former employees and business partners\u201d of Kandi, as well as an \u201cextensive on-the-ground inspection at Kandi\u2019s factories and customer locations in China.\u201d Hindenburg asserted that approximately 64% of &hellip; Continue reading &quot;INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Kandi Technologies Group&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-03T23:22:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NjYzOCMzODU2MDM3IzIwMjA2Njk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\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:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Kandi Technologies Group\",\"datePublished\":\"2020-12-03T23:22:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\\\/\"},\"wordCount\":330,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5NjYzOCMzODU2MDM3IzIwMjA2Njk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\\\/\",\"name\":\"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Kandi Technologies Group - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\/","og_locale":"en_US","og_type":"article","og_title":"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Kandi Technologies Group - Market Newsdesk","og_description":"NEW YORK, Dec. 03, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP is investigating potential claims against Kandi Technologies Group (\u201cKandi\u201d or the \u201cCompany\u201d) (NASDAQ: KNDI). The investigation focuses on whether the Company has violated the federal securities laws and\/or engaged in other unlawful business practices. On November 30, 2020, Hindenburg Research (\u201cHidenberg\u201d) published a research report concerning Kandi Technologies Group, Inc., calling Kandi \u201ca brazen scheme\u201d that \u201cfalsif[ied] revenue using fake sales to undisclosed affiliates.\u201d Hindenburg said that its report was based on \u201cinterviews with over a dozen former employees and business partners\u201d of Kandi, as well as an \u201cextensive on-the-ground inspection at Kandi\u2019s factories and customer locations in China.\u201d Hindenburg asserted that approximately 64% of &hellip; Continue reading \"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Kandi Technologies Group\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-03T23:22:04+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NjYzOCMzODU2MDM3IzIwMjA2Njk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Kandi Technologies Group","datePublished":"2020-12-03T23:22:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\/"},"wordCount":330,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NjYzOCMzODU2MDM3IzIwMjA2Njk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-kandi-technologies-group\/","name":"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Kandi Technologies Group - 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