An investigation for investors in SORL Auto Parts, Inc. (NASDAQ: SORL) shares over potential securities laws violations by SORL Auto Parts, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 12/07/2018 -- SORL Auto Parts, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of SORL Auto Parts, Inc. (NASDAQ: SORL), 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 SORL Auto Parts, Inc. (NASDAQ: SORL) concerning whether a series of statements by SORL Auto Parts, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based SORL Auto Parts, Inc., together with its subsidiaries, develops, manufactures, and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers and the related aftermarket in the People's Republic of China. On November 14, 2018, SORL Auto Parts, Inc reported its third quarter 2018 results, including deterioration of gross margin to 24.3% versus 26.9% year to year. Shares of SORL Auto Parts, Inc. (NASDAQ: SORL) declined from $&.58 per share in early 2017 to as low as $2.61 per share on November 20, 2018.
Those who purchased shares of SORL Auto Parts, Inc. (NASDAQ: SORL) 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
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.