{"id":404771,"date":"2020-12-22T15:55:31","date_gmt":"2020-12-22T20:55:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404771"},"modified":"2020-12-22T15:55:31","modified_gmt":"2020-12-22T20:55:31","slug":"investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\/","title":{"rendered":"INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against ACM Research, Inc."},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Dec.  22, 2020  (GLOBE NEWSWIRE) &#8212; The law firm of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OzcsOUCO7jBEK9p6wo-urYlz_E3HTMPcqDJyW3utDkwqCTFiH7GndaRfxyJAMqLygi_fuwCPtMK8i6qgsnjDUg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Kirby McInerney LLP<\/a> announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired ACM Research, Inc. (\u201cACM Research\u201d or the \u201cCompany\u201d) (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=apcIGOEkfHBwpL3Phi4CkJ0HYD0wCZ-cxQQSTmJGYHzOSuhamNA7lptydGES0ys0avAx-zD1SBpGf2lCHo0ZWae-_H8WdTES1n1Vm5Me-iYdv4ZVV4DGuHZ82vG3zcd7\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ACMR<\/a>) securities during the period from March 6, 2019 through October 7, 2020 (the \u201cClass Period\u201d). Investors have until February 19, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.<\/p>\n<p align=\"justify\">The lawsuit alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company\u2019s business, operational and compliance policies. Specifically, Defendants made false and\/or misleading statements and\/or failed to disclose that: (i) the Company\u2019s revenue and profits had been diverted to undisclosed related parties; (ii) accordingly, the Company had materially overstated its revenues and profits; and (iii) as a result, the Company\u2019s public statements were materially false and misleading at all relevant times.<\/p>\n<p align=\"justify\">On October 8, 2020, analyst J Capital Research (\u201cJ Capital\u201d) published a report concerning ACM Research, in which J Capital concluded that ACM Research \u201cis a fraud, over-reporting both revenue and profit.\u201d The report cited, among other things, J Capital\u2019s visits to \u201csites in China, Korea, and California\u201d and \u201cmore than 40 interviews.\u201d J Capital asserted that \u201c[w]hat real profit the company has is apparently being siphoned off to related parties.\u201d The J Capital report concluded that ACM Research\u2019s revenue was overstated by 15-20% and claimed to have \u201cevidence that undisclosed related parties are diverting revenue and profit from the company.\u201d<\/p>\n<p align=\"justify\">On this news, ACM Research\u2019s stock price fell $1.09 per share, or approximately 1.52%, from $71.88 per share to close at $70.79 per share on October 8, 2020.<\/p>\n<p align=\"justify\">If you purchased or otherwise acquired ACM Research securities, have information, or would like to learn more about these claims, please contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=l63J7m8E9xQGjHLltqy2e7mJo8E_ES8-HvP2vQqayNiANhg4t4WmWYWy3tpsKMA42oxpk9JwwQKhCqmPZjAfUZAaCrmNRvvcmRaeHtiY1m4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Thomas W. Elrod<\/u><\/a> of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OzcsOUCO7jBEK9p6wo-urYFh2LnUQLJXsR_c1nwBhZTBkxHRh6k53mPMHB45HYJT68bYksVGHwGWPScuyjLv3Q==\" 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=aWAEj72MPST_hXOYq29YFb-1eT0zSFX6FJVa9TY4M6jrc3bqMzjeZaAnn5W_1cHea0gCyOqYwfwwfRtk3kAyHyRrX8B5LXwJ7OXtSUZ9gRg=\" 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=DxuKLGTEC4oaGfOb6kTYXGg7yvUG2JQHTnsw5rgsxUmtmOQopxnDBGwCnVmoYLor0PnHHzTBK5KAgmk6mrf3jHud51ydb-L0rRqdISpsFtTm9bD4TYHkFXOJwsS08b8k\" 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=OzcsOUCO7jBEK9p6wo-urSQea4A2QdEaKck2vp0NBvi5dU6iD1fjU9mJxtK7nc759iEFEzByur6EUteHDkk1oQ==\" 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=oiEpqUGwzM-GyMfdh77RudBmKI0POAWtJF3A-FPRP9c6020fCy-T_ofB01Ad5l0lTXJOSLrGbji0YHOdPZlJEw==\" 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=VOu3pNZbMjQ8_nHdG5w-VNXbKjDX-o6IcR12GdHsXY5R5lBaLFH3_uM4l8o3nOzoyAwYDoF_dKPUvtmedvXGXw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/www.kmllp.com<\/u><\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=aWAEj72MPST_hXOYq29YFb-1eT0zSFX6FJVa9TY4M6j2lRWAweprBX0bgiZaqduD8JBfdkwoXY3mrhCCm6psaDxDCeLfaeYsNFJ90pYobps=\" 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=ODExNjY5OCMzODkzODAxIzIwMjA2Njk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/ebe5c38d-5f54-44a8-b593-ad11f6747811\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired ACM Research, Inc. (\u201cACM Research\u201d or the \u201cCompany\u201d) (NASDAQ: ACMR) securities during the period from March 6, 2019 through October 7, 2020 (the \u201cClass Period\u201d). Investors have until February 19, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The lawsuit alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company\u2019s business, operational and compliance policies. Specifically, Defendants made false and\/or misleading statements and\/or failed to disclose &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against ACM Research, Inc.&#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-404771","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against ACM Research, Inc. - 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-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\/\" \/>\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 the Filing of a Securities Class Action Lawsuit Against ACM Research, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired ACM Research, Inc. (\u201cACM Research\u201d or the \u201cCompany\u201d) (NASDAQ: ACMR) securities during the period from March 6, 2019 through October 7, 2020 (the \u201cClass Period\u201d). Investors have until February 19, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The lawsuit alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company\u2019s business, operational and compliance policies. Specifically, Defendants made false and\/or misleading statements and\/or failed to disclose &hellip; Continue reading &quot;INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against ACM Research, Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-22T20:55:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjY5OCMzODkzODAxIzIwMjA2Njk=\" \/>\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-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against ACM Research, Inc.\",\"datePublished\":\"2020-12-22T20:55:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\\\/\"},\"wordCount\":452,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExNjY5OCMzODkzODAxIzIwMjA2Njk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\\\/\",\"name\":\"INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against ACM Research, Inc. - 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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-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\/","og_locale":"en_US","og_type":"article","og_title":"INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against ACM Research, Inc. - Market Newsdesk","og_description":"NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired ACM Research, Inc. (\u201cACM Research\u201d or the \u201cCompany\u201d) (NASDAQ: ACMR) securities during the period from March 6, 2019 through October 7, 2020 (the \u201cClass Period\u201d). Investors have until February 19, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The lawsuit alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company\u2019s business, operational and compliance policies. Specifically, Defendants made false and\/or misleading statements and\/or failed to disclose &hellip; Continue reading \"INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against ACM Research, Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-22T20:55:31+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjY5OCMzODkzODAxIzIwMjA2Njk=","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-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against ACM Research, Inc.","datePublished":"2020-12-22T20:55:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\/"},"wordCount":452,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjY5OCMzODkzODAxIzIwMjA2Njk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-acm-research-inc\/","name":"INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against ACM Research, Inc. - 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