Energy News / Shareholders Foundation, Inc.

NASDAQ:LYL Shareholder Notice: Investigation over Possible Securities Laws Violations by Dragon Victory International Limited

Via: ReleaseWire

Updated 11:45 AM CDT, Wed, August 15,2018

An investigation for investors in Dragon Victory International Limited (NASDAQ: LYL) shares over potential securities laws violations by Dragon Victory International Limited was announced.

San Diego, CA -- (SBWIRE) -- 08/15/2018 -- An investigation was announced over potential securities laws violations by Dragon Victory International and certain of its directors and officers in connection with certain financial statements.

Investors who purchased shares of Dragon Victory International Limited (NASDAQ: LYL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Dragon Victory International Limited (NASDAQ: LYL) concerning whether a series of statements by Dragon Victory International regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

China based Dragon Victory International Limited provides reward-based crowdfunding in China. Dragon Victory International Limited reported that its Total Revenue rose from $1.66 million for the 12 months period that ended on March 31, 2016 to $3.59 million for the 12 months period that ended on March 31, 2017 and that its Net Income for those time periods increased from $0.65 million to $1.71 million.

On July 10, 2018, Dragon Victory International Limited announced that Mr. Jianju Sun, Chairman and Chief Executive Officer of the Company, has been appointed as executive president of Shandong Chamber of Commerce in Zhejiang Province ("SCCZ"). The appointment was made effective on July 4th, 2018.

Those who purchased shares of Dragon Victory International Limited (NASDAQ: LYL) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqlyl-shareholder-notice-investigation-over-possible-securities-laws-violations-by-dragon-victory-international-limited-1029598.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com