{"id":410569,"date":"2021-01-07T11:03:11","date_gmt":"2021-01-07T16:03:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=410569"},"modified":"2021-01-07T11:03:11","modified_gmt":"2021-01-07T16:03:11","slug":"deadline-alert-for-cviaq-qiwi-and-kndi-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-cviaq-qiwi-and-kndi-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-2\/","title":{"rendered":"DEADLINE ALERT for CVIAQ, QIWI, and KNDI: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders"},"content":{"rendered":"
\n

LOS ANGELES, Jan. 07, 2021 (GLOBE NEWSWIRE) — The Law Offices of Frank R. Cruz<\/a> reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.<\/p>\n

Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com<\/a>.<\/p>\n

\n Covia Holdings Corporation<\/strong> (OTC: CVIAQ<\/a>)
Class Period:\u00a0\u00a0 March 15, 2016 \u2013 June 29, 2020
Lead Plaintiff Deadline: February 8, 2021<\/strong><\/p>\n

\n
\n Shareholders with losses exceeding $400,000 are encouraged to contact the firm<\/em>
\n <\/strong>\n <\/p>\n

The complaint filed alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Covia’s proprietary “value-added” proppants were not necessarily more effective than ordinary sand; (2) Covia’s revenues, which were dependent on its proprietary “value-added” proppants, was based on misrepresentations; (3) when Covia insiders raised this issue, defendants did not take meaningful steps to rectify the issue; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n

\n Qiwi Plc<\/strong> (NASDAQ: QIWI<\/a>)
Class Period: March 28, 2019 \u2013 December 9, 2020
Lead Plaintiff Deadline:\u00a0February 9, 2021<\/strong><\/p>\n

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Qiwi’s internal controls related to reporting and record-keeping were ineffective; (2) consequently, the Central Bank of Russia would impose a monetary fine upon the Company and impose restrictions upon the Company’s ability to make payments to foreign merchants and transfer money to pre-paid cards; and (3) as a result, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n

\n Kandi Technologies Group, Inc.<\/strong> (NASDAQ: KNDI<\/a>)
Class Period: March 15, 2019 \u2013 November 27, 2020
Lead Plaintiff Deadline:\u00a0February 9, 2021<\/strong><\/p>\n

Throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants made false and\/or misleading statements and\/or failed to disclose that: (i) Kandi artificially inflated its reported revenues through undisclosed related party transactions, or otherwise had relationships with key customers that indicated those customers did not have an arms-length relationship with Kandi; (ii) the majority of Kandi\u2019s sales in the past year had been to undisclosed related parties and\/or parties with such a close relationship and history with Kandi that it cast doubt on the arms-length nature of their relationship; (iii) all the foregoing, once revealed, was foreseeably likely to cast doubt on the validity of Kandi\u2019s reported revenues and, in turn, have a foreseeable negative impact on the Company\u2019s reputation and valuation; and (iv) as a result, the Company\u2019s public statements were materially false and misleading at all relevant times.<\/p>\n

Follow us for updates on Twitter: twitter.com\/FRC_LAW<\/a>.<\/p>\n

To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com<\/a>, or visit our website at www.frankcruzlaw.com<\/a>. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n

Contacts<\/p>\n

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com<\/a>
www.frankcruzlaw.com<\/a><\/p>\n


\n
\n \n <\/div>\n

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

LOS ANGELES, Jan. 07, 2021 (GLOBE NEWSWIRE) — The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com. Covia Holdings Corporation (OTC: CVIAQ)Class Period:\u00a0\u00a0 March 15, 2016 \u2013 June 29, 2020Lead Plaintiff Deadline: February 8, 2021 Shareholders with losses exceeding $400,000 are encouraged to contact the firm The complaint filed alleges that throughout the Class Period, Defendants made materially … <\/p>\n

Continue reading “DEADLINE ALERT for CVIAQ, QIWI, and KNDI: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders”<\/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-410569","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDEADLINE ALERT for CVIAQ, QIWI, and KNDI: The Law Offices of Frank R. 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