{"id":404923,"date":"2020-12-22T21:03:06","date_gmt":"2020-12-23T02:03:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404923"},"modified":"2020-12-22T21:03:06","modified_gmt":"2020-12-23T02:03:06","slug":"acm-research-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-acm-research-inc-and-encourages-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/acm-research-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-acm-research-inc-and-encourages-investors-to-contact-the-firm\/","title":{"rendered":"ACM RESEARCH ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against ACM Research, Inc. and Encourages Investors to Contact the Firm"},"content":{"rendered":"

<\/p>\n

ACM RESEARCH ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against ACM Research, Inc. and Encourages Investors to Contact the Firm<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nBragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors that purchased ACM Research, Inc. (NASDAQ: ACMR) securities between March 6, 2019 and 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.\n<\/p>\n

\nClick here<\/a> to participate in the action.\n<\/p>\n

\nOn October 8, 2020, analyst J Capital Research (\u201cJ Capital\u201d) published a report concerning ACM, in which J Capital concluded that ACM \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\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\n<\/p>\n

\nFollowing this news, ACM\u2019s stock price fell $1.09 per share, or 1.52%, to close at $70.79 per share on October 8, 2020.\n<\/p>\n

\nThe complaint, filed on December 21, 2020, 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.\n<\/p>\n

\nIf you purchased ACM Research securities during the Class Period and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com<\/a>, telephone at (212) 355-4648, or by filling out this contact form<\/a>. There is no cost or obligation to you.\n<\/p>\n

About Bragar Eagel & Squire, P.C.:<\/b><\/p>\n

\nBragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com<\/a>. Attorney advertising. Prior results do not guarantee similar outcomes.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201222005640\/en\/<\/a><\/span><\/p>\n

\nBragar Eagel & Squire, P.C.
\n
Brandon Walker, Esq.
\n
Melissa Fortunato, Esq.
\n
Marion Passmore, Esq.
\n
(212) 355-4648
\n
investigations@bespc.com
\n<\/a>
www.bespc.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

ACM RESEARCH ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against ACM Research, Inc. and Encourages Investors to Contact the Firm NEW YORK–(BUSINESS WIRE)– Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors that purchased ACM Research, Inc. (NASDAQ: ACMR) securities between March 6, 2019 and 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. Click here to participate in the action. On October 8, 2020, analyst J … <\/p>\n

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