Energy News / Shareholders Foundation, Inc.

Sinovac Biotech Ltd, (NASDAQ:SVA) Investor Alert: Lawsuit Alleges False and Misleading Statements

Via: ReleaseWire

Updated 12:05 PM CDT, Thu, August 17,2017

A lawsuit was filed on behalf of investors in Sinovac Biotech Ltd, NASDAQ:SVA) shares over alleged securities laws violations. Deadline: September 1, 2017. NASDAQ:SVA investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 08/17/2017 -- An investor, who purchased shares of Sinovac Biotech Ltd, NASDAQ:SVA), filed a lawsuit over alleged violations of Federal Securities Laws by Sinovac Biotech Ltt..

Investors who purchased shares of Sinovac Biotech Ltd, (NASDAQ:SVA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff claims that between April 30, 2013 and May 16, 2017, the defendants made false and/or misleading statements and/or failed to disclose that Defendant Weidong Yin, Sinovac's Chairman and CEO, bribed a member of the Chinese Food and Drug Administration to assist Sinovac's vaccine clinical trial and approval, that such conduct would subject Sinovac to heightened regulatory scrutiny, and that as a result, Sinovac's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Sinovac Biotech Ltd, NASDAQ:SVA) 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/sinovac-biotech-ltd-nasdaqsva-investor-alert-lawsuit-alleges-false-and-misleading-statements-849901.htm

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