The Rosen Law Firm Announces Investigation Of Securities Claims Against Kandi Technologies Corp. – KNDI

The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against Kandi Technologies Corp. (NASDAQ: KNDI) resulting from allegations that the Company may have issued materially inaccurate financial statements to the investing public between March 31, 2009 and May 4, 2011.

On May 4, 2011, a report published by Justin McLachlan and Chris Carey of the analyst firm Sharesleuth concluded, following extensive channel checks, that the Company had materially overstated sales and revenue figures in its SEC filings. The revelation caused the price of Kandi’s stock to fall over 20% in one day, damaging investors.

The Rosen Law Firm is preparing a securities class action lawsuit on behalf of Kandi investors. If you purchased Kandi stock, please visit the website at http://rosenlegal.com to participate in the class action and to obtain more information. You may also contact Jonathan Horne, Esq. The Rosen Law Firm toll free at 866-767-3653 or via e-mail at or jhorne@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Copyright Business Wire 2010

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