Energy News / Shareholders Foundation, Inc.

Pingtan Marine Enterprise Ltd (NASDAQ:PME) Shareholder Notice: Lawsuit Alleges Violations of Securities Laws

Via: ReleaseWire

Updated 11:15 AM CDT, Tue, August 08,2017

A lawsuit was filed on behalf of investors in Pingtan Marine Enterprise Ltd (NASDAQ:PME) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 08/08/2017 -- The Shareholders Foundation announces that an investor in NASDAQ:PME shares filed a lawsuit over alleged violations of Federal Securities Laws by Pingtan Marine Enterprise Ltd in connection with certain allegedly false and misleading statements.

Invetors who purchased shares of Pingtan Marine Enterprise Ltd (NASDAQ:PME) have certain options and for certain investors are short and strict deadlines running. Deadline: August 22, 2017. NASDAQ:PME investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Pingtan Marine Enterprise Ltd (NASDAQ:PME) common shares between August 8, 2016 and May 10, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 8, 2016 and May 10, 2017 the defendants made false and/or misleading statements and/or failed to disclose that Pingtan Marine Enterprise Ltd is banned from Indonesia, that Pingtan Marine Enterprise Ltd has used investor capital to finance illegal activity, and that as a result, Pingtan's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Pingtan Marine Enterprise Ltd (NASDAQ:PME) 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/pingtan-marine-enterprise-ltd-nasdaqpme-shareholder-notice-lawsuit-alleges-violations-of-securities-laws-844980.htm

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