{"id":414547,"date":"2021-01-13T19:01:13","date_gmt":"2021-01-14T00:01:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=414547"},"modified":"2021-01-13T19:01:13","modified_gmt":"2021-01-14T00:01:13","slug":"rosen-a-leading-investor-rights-law-firm-continues-to-investigate-securities-claims-against-huazhu-group-limited-htht","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-a-leading-investor-rights-law-firm-continues-to-investigate-securities-claims-against-huazhu-group-limited-htht\/","title":{"rendered":"ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Continues to Investigate Securities Claims Against Huazhu Group Limited – HTHT"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, Jan. 13, 2021<\/span> \/PRNewswire\/ —\u00a0Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Huazhu Group Limited (NASDAQ: HTHT) resulting from allegations that Huazhu may have issued materially misleading business information to the investing public.<\/p>\n

\n

\n
\n \"Rosen
\n <\/a>\n <\/p>\n<\/p><\/div>\n

On September 21, 2020<\/span>, Bonitas Research issued a report on the Company which alleged that Huazhu “lied about the ownership of its hotel portfolio to produce fake financials.” The report also stated that Bonitas’ fieldwork “confirmed that Huazhu secretly supported operating costs of franchisee hotels owned by undisclosed current Huazhu employees & other undisclosed related parties (‘off-book hotels’).” Bonitas further asserted that it “believe[s] that Huazhu concealed operating expenses using undisclosed related party transactions to artificially inflate Huazhu’s reported profits[,]” and that it “calculate[s] that Huazhu’s fake profits manifested as RMB 2 billion<\/span> (US$ 300 million<\/span>) of fake PP&E on its CYE’19 balance sheet.”<\/p>\n

On this news, Huazhu’s American Depositary Share (“ADS”) price fell $1.54<\/span>, or over 3%, to close at $40.48<\/span> per ADS on September 21, 2020<\/span>, thereby injuring investors.<\/p>\n

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Huazhu’s investors. If you purchased ADSs of Huazhu, please visit the firm’s website at http:\/\/www.rosenlegal.com\/cases-register-1949.html<\/a>\u00a0to join the class action. You may also contact Phillip Kim<\/span> of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a>.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a> or on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm<\/a>. <\/p>\n

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

Contact Information:<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0 Laurence Rosen, Esq.<\/span>
\u00a0\u00a0\u00a0\u00a0\u00a0 Phillip Kim, Esq.<\/span>
\u00a0\u00a0\u00a0\u00a0\u00a0 The Rosen Law Firm, P.A.
\u00a0\u00a0\u00a0\u00a0\u00a0 275 Madison Avenue, 40th<\/sup> Floor
\u00a0\u00a0\u00a0\u00a0\u00a0 New York, NY<\/span> 10016
\u00a0\u00a0\u00a0\u00a0\u00a0 Tel: (212) 686-1060
\u00a0\u00a0\u00a0\u00a0\u00a0 Toll Free: (866) 767-3653
\u00a0\u00a0\u00a0\u00a0\u00a0 Fax: (212) 202-3827
\u00a0\u00a0\u00a0\u00a0\u00a0 lrosen@rosenlegal.com<\/a>
\u00a0\u00a0\u00a0\u00a0\u00a0 pkim@rosenlegal.com<\/a>
\u00a0\u00a0\u00a0\u00a0\u00a0 cases@rosenlegal.com<\/a>
\u00a0\u00a0\u00a0\u00a0\u00a0 www.rosenlegal.com<\/a><\/p>\n

\u00a0<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/rosen-a-leading-investor-rights-law-firm-continues-to-investigate-securities-claims-against-huazhu-group-limited–htht-301207929.html<\/a><\/p>\n

SOURCE Rosen Law Firm, P.A.<\/p>\n<\/p><\/div>\n

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

PR Newswire NEW YORK, Jan. 13, 2021 \/PRNewswire\/ —\u00a0Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Huazhu Group Limited (NASDAQ: HTHT) resulting from allegations that Huazhu may have issued materially misleading business information to the investing public. On September 21, 2020, Bonitas Research issued a report on the Company which alleged that Huazhu “lied about the ownership of its hotel portfolio to produce fake financials.” The report also stated that Bonitas’ fieldwork “confirmed that Huazhu secretly supported operating costs of franchisee hotels owned by undisclosed current Huazhu employees & other undisclosed related parties (‘off-book hotels’).” Bonitas further asserted that it “believe[s] that Huazhu concealed operating expenses using undisclosed … <\/p>\n

Continue reading “ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Continues to Investigate Securities Claims Against Huazhu Group Limited – HTHT”<\/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-414547","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Continues to Investigate Securities Claims Against Huazhu Group Limited - HTHT - 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\/rosen-a-leading-investor-rights-law-firm-continues-to-investigate-securities-claims-against-huazhu-group-limited-htht\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Continues to Investigate Securities Claims Against Huazhu Group Limited - HTHT - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Jan. 13, 2021 \/PRNewswire\/ —\u00a0Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Huazhu Group Limited (NASDAQ: HTHT) resulting from allegations that Huazhu may have issued materially misleading business information to the investing public. On September 21, 2020, Bonitas Research issued a report on the Company which alleged that Huazhu “lied about the ownership of its hotel portfolio to produce fake financials.” The report also stated that Bonitas’ fieldwork “confirmed that Huazhu secretly supported operating costs of franchisee hotels owned by undisclosed current Huazhu employees & other undisclosed related parties (‘off-book hotels’).” Bonitas further asserted that it “believe[s] that Huazhu concealed operating expenses using undisclosed … Continue reading "ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Continues to Investigate Securities Claims Against Huazhu Group Limited – HTHT"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-a-leading-investor-rights-law-firm-continues-to-investigate-securities-claims-against-huazhu-group-limited-htht\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-14T00:01:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/405060\/Rosen_Law_Logo.jpg\" \/>\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\\\/rosen-a-leading-investor-rights-law-firm-continues-to-investigate-securities-claims-against-huazhu-group-limited-htht\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rosen-a-leading-investor-rights-law-firm-continues-to-investigate-securities-claims-against-huazhu-group-limited-htht\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Continues to Investigate Securities Claims Against Huazhu Group Limited – HTHT\",\"datePublished\":\"2021-01-14T00:01:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rosen-a-leading-investor-rights-law-firm-continues-to-investigate-securities-claims-against-huazhu-group-limited-htht\\\/\"},\"wordCount\":446,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rosen-a-leading-investor-rights-law-firm-continues-to-investigate-securities-claims-against-huazhu-group-limited-htht\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/405060\\\/Rosen_Law_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rosen-a-leading-investor-rights-law-firm-continues-to-investigate-securities-claims-against-huazhu-group-limited-htht\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rosen-a-leading-investor-rights-law-firm-continues-to-investigate-securities-claims-against-huazhu-group-limited-htht\\\/\",\"name\":\"ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Continues to Investigate Securities Claims Against Huazhu Group Limited - 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