{"id":405827,"date":"2020-12-28T10:03:19","date_gmt":"2020-12-28T15:03:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405827"},"modified":"2020-12-28T10:03:19","modified_gmt":"2020-12-28T15:03:19","slug":"acmr-investor-alert-bronstein-gewirtz-grossman-llc-notifies-acm-research-inc-of-class-action-and-encourages-shareholders-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/acmr-investor-alert-bronstein-gewirtz-grossman-llc-notifies-acm-research-inc-of-class-action-and-encourages-shareholders-to-contact-the-firm\/","title":{"rendered":"ACMR Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies ACM Research, Inc. of Class Action and Encourages Shareholders to Contact the Firm"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n NEW YORK<\/span>, Dec. 28, 2020<\/span> \/PRNewswire\/ — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against\u00a0ACM Research, Inc. (“ACM” or the “Company”) (NASDAQ: ACMR) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired ACM securities between March 6, 2019<\/span> – October 7, 2020<\/span>, inclusive (the “Class Period”).\u00a0Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com\/acmr<\/a>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

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\n
\n \"Bronstein,
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. <\/b>\n <\/p>\n

The complaint alleges that throughout the class period, Defendants made false and\/or misleading statements and\/or failed to disclose that:\u00a0(1) ACM Research’s revenues and profits were diverted to undisclosed related parties, and (2) consequently, the company materially overstated its revenues and profits.<\/p>\n

On October 8, 2020<\/span>, analyst J Capital Research (“J Capital”) published a report concerning ACM, in which J Capital concluded that ACM “is a fraud, over-reporting both revenue and profit.” The report cited, among other things, J Capital’s visits to “sites in China<\/span>, Korea, and California<\/span>” and “more than 40 interviews.” J Capital asserted that “[w]hat real profit the company has is apparently being siphoned off to related parties.” The J Capital report concluded that ACM’s revenue was overstated by 15-20% and claimed to have “evidence that undisclosed related parties are diverting revenue and profit from the company.” Following this news, ACM’s stock price $1.09<\/span> per share, or 1.52%, to close at $70.79<\/span> per share on October 8, 2020<\/span>.<\/p>\n

\n A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com\/acmr<\/a>\u00a0or you may contact Peretz Bronstein, Esq.<\/span> or his Investor Relations Analyst, Yael Hurwitz<\/span> of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in ACM\u00a0you have until February 19, 2021<\/span> to request that the Court appoint you as lead plaintiff.\u00a0 Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.<\/b>\n <\/p>\n

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.\u00a0 Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.\u00a0 In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.\u00a0 \u00a0Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein<\/span> or Yael Hurwitz<\/span>
212-697-6484 | info@bgandg.com<\/a><\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/acmr-investor-alert-bronstein-gewirtz–grossman-llc-notifies-acm-research-inc-of-class-action-and-encourages-shareholders-to-contact-the-firm-301198518.html<\/a><\/p>\n

SOURCE Bronstein, Gewirtz & Grossman, LLC<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK, Dec. 28, 2020 \/PRNewswire\/ — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against\u00a0ACM Research, Inc. (“ACM” or the “Company”) (NASDAQ: ACMR) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired ACM securities between March 6, 2019 – October 7, 2020, inclusive (the “Class Period”).\u00a0Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com\/acmr. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the class period, Defendants made false and\/or misleading statements and\/or failed to disclose … <\/p>\n

Continue reading “ACMR Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies ACM Research, Inc. of Class Action and Encourages Shareholders to Contact the Firm”<\/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-405827","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nACMR Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies ACM Research, Inc. of Class Action and Encourages Shareholders to Contact the Firm - 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\/acmr-investor-alert-bronstein-gewirtz-grossman-llc-notifies-acm-research-inc-of-class-action-and-encourages-shareholders-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ACMR Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies ACM Research, Inc. of Class Action and Encourages Shareholders to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Dec. 28, 2020 \/PRNewswire\/ — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against\u00a0ACM Research, Inc. (“ACM” or the “Company”) (NASDAQ: ACMR) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired ACM securities between March 6, 2019 – October 7, 2020, inclusive (the “Class Period”).\u00a0Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com\/acmr. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. 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(“ACM” or the “Company”) (NASDAQ: ACMR) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired ACM securities between March 6, 2019 – October 7, 2020, inclusive (the “Class Period”).\u00a0Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com\/acmr. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. 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