{"id":394921,"date":"2020-12-07T20:27:18","date_gmt":"2020-12-08T01:27:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=394921"},"modified":"2020-12-07T20:27:18","modified_gmt":"2020-12-08T01:27:18","slug":"shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-kandi-technologies-group-inc-kndi-12","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-kandi-technologies-group-inc-kndi-12\/","title":{"rendered":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kandi Technologies Group, Inc. &#8211; KNDI"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Dec.  07, 2020  (GLOBE NEWSWIRE) &#8212; Pomerantz LLP is investigating claims on behalf of investors of Kandi Technologies Group, Inc. (\u201cKandi\u201d or the \u201cCompany\u201d) (NASDAQ: KNDI). Such investors are advised to contact Robert S. Willoughby at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nNtaz6ou8pNpB7sh5Gc2U-AawAMY5DMAX0wWo7K1Q7w4pMe8KzvIY9BDZEdVoL2O8u70pOnTrP3bYwQHbJQKBrfHnWXEH7LprDDnsji3Dus=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>newaction@pomlaw.com<\/u><\/a> or 888-476-6529, ext. 7980.<\/p>\n<p align=\"justify\">The investigation concerns whether Kandi and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9CU65_whhPgoLgPBFyF8HvuXEvcnWPMkv5iXJmX2JfZFSk0HBr9AqbAUjOWG37S85Tr75yvNjkTcLWmmf5Sztja3hDv0EM0tfVLOODzkHK8cgRs7ByV4cgt4HPuzLjCbsleYJweZL4pBfu4kMXH1Vvtv_IE5_E7yu55HgJkoiM8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <u>[Click here for information about joining the class action]<\/u><br \/>\n          <\/strong><br \/>\n        <\/a>\n      <\/p>\n<p align=\"justify\">On November 30, 2020, Hindenburg Research (\u201cHindenburg\u201d) published a report entitled \u201cKandi: How This China-Based NASDAQ-Listed Company Used Fake Sales, EV Hype to Nab $160 Million From U.S. Investors\u201d.\u00a0 Citing \u201cextensive on-the-ground inspection at Kandi\u2019s factories and customer locations in China, interviews with over a dozen former employees and business partners, and review of numerous litigation documents and international public records\u201d, the Hindenburg report asserted that almost 64% of Kandi&#8217;s sales over the year have been to undisclosed related parties. \u00a0The report also alleged that \u201c[Kandi] has consistently booked revenue it cannot collect, a classic hallmark of fake revenue[.]\u201d\u00a0<\/p>\n<p align=\"justify\">Following the publication of the Hindenburg report, Kandi\u2019s stock price fell $3.86 per share, or 28.34%, to close at $9.76 per share on November 30, 2020.<\/p>\n<p align=\"justify\">The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Wg1dT5hr9o77-p3VOVsbdJCFjtoPws8DvszYkNo15o4bvn90FTo-rV8onrXtn3whEhpbgVVuglBmEOGQkwzPm-NR0Rlm4Dpr0OHNzSB4m4Y=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.pomerantzlaw.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>CONTACT:<br \/><\/strong>Robert S. Willoughby<br \/>Pomerantz LLP<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PvJ3GncweryorZ6agrpnJiFf3iLlhO4BnXAB6U5uQVqO1Yon8xLQqXIUIifhI4SocgCEpFyPcC218CZv_xn0RVAYnzwwDJ6Y_4--ixfcSIA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>rswilloughby@pomlaw.com<\/u><\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=D1vzXHVRPR-QukMsA4LTlKLRrSUY5pPqN1m93t2qDeiTb64yVdOpFm2bztWz-6FgU8GI7K4RZY7hYoJzqY9WNQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/><\/a>888-476-6529 ext. 7980<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODI5NiMzODYwNzU1IzIwMTc2NDQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/6bb4aeca-a6eb-4bec-8e1c-2a0cc1bc9570\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec. 07, 2020 (GLOBE NEWSWIRE) &#8212; Pomerantz LLP is investigating claims on behalf of investors of Kandi Technologies Group, Inc. (\u201cKandi\u201d or the \u201cCompany\u201d) (NASDAQ: KNDI). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether Kandi and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action] On November 30, 2020, Hindenburg Research (\u201cHindenburg\u201d) published a report entitled \u201cKandi: How This China-Based NASDAQ-Listed Company Used Fake Sales, EV Hype to Nab $160 Million From U.S. Investors\u201d.\u00a0 Citing \u201cextensive on-the-ground inspection at Kandi\u2019s factories and customer locations in China, interviews with over a dozen &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-kandi-technologies-group-inc-kndi-12\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kandi Technologies Group, Inc. &#8211; KNDI&#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-394921","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kandi Technologies Group, Inc. - KNDI - 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\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-kandi-technologies-group-inc-kndi-12\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kandi Technologies Group, Inc. - KNDI - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 07, 2020 (GLOBE NEWSWIRE) &#8212; Pomerantz LLP is investigating claims on behalf of investors of Kandi Technologies Group, Inc. (\u201cKandi\u201d or the \u201cCompany\u201d) (NASDAQ: KNDI). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether Kandi and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action] On November 30, 2020, Hindenburg Research (\u201cHindenburg\u201d) published a report entitled \u201cKandi: How This China-Based NASDAQ-Listed Company Used Fake Sales, EV Hype to Nab $160 Million From U.S. Investors\u201d.\u00a0 Citing \u201cextensive on-the-ground inspection at Kandi\u2019s factories and customer locations in China, interviews with over a dozen &hellip; Continue reading &quot;SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kandi Technologies Group, Inc. &#8211; KNDI&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-kandi-technologies-group-inc-kndi-12\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-08T01:27:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODI5NiMzODYwNzU1IzIwMTc2NDQ=\" \/>\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\\\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-kandi-technologies-group-inc-kndi-12\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-kandi-technologies-group-inc-kndi-12\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kandi Technologies Group, Inc. &#8211; 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Pomerantz LLP is investigating claims on behalf of investors of Kandi Technologies Group, Inc. (\u201cKandi\u201d or the \u201cCompany\u201d) (NASDAQ: KNDI). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether Kandi and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action] On November 30, 2020, Hindenburg Research (\u201cHindenburg\u201d) published a report entitled \u201cKandi: How This China-Based NASDAQ-Listed Company Used Fake Sales, EV Hype to Nab $160 Million From U.S. Investors\u201d.\u00a0 Citing \u201cextensive on-the-ground inspection at Kandi\u2019s factories and customer locations in China, interviews with over a dozen &hellip; Continue reading \"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kandi Technologies Group, Inc. &#8211; KNDI\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-kandi-technologies-group-inc-kndi-12\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-08T01:27:18+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODI5NiMzODYwNzU1IzIwMTc2NDQ=","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\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-kandi-technologies-group-inc-kndi-12\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-kandi-technologies-group-inc-kndi-12\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kandi Technologies Group, Inc. &#8211; 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