SAN DIEGO, CA / ACCESSWIRE / November 29, 2016 / The Shareholders Foundation, Inc. announces that a lawsuit was filed in the United States District Court for the District of New Jersey on behalf of certain purchasers of shares of Agria Corporation (ADR) (NYSE: GRO) over alleged Violations of Securities Laws by Agria.
Investors who purchased shares of Agria Corporation (ADR) (NYSE: GRO) have certain options and for certain investors there are short and strict deadlines running. Deadline: January 9, 2017. NYSE: GRO investors should contact the Shareholders Foundation by e-mail at mail@shareholdersfoundation.com or by telephone +1(858) 779 - 1554.
The complaint accuses the Defendants made between December 16, 2011 through November 4, 2016 false and/or misleading statements and/or failed to disclose that Defendants engaged in trading to artificially inflate Agria's stock price in order to meet NYSE's continuing listing standards and avoid delisting from the NYSE, that Agria lacked effective internal controls over financial reporting, and that as a result of the foregoing, Defendants' public statements about Agira's business, operations, and prospects were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
On November 4, 2016, Agria Corporation announced it had received a letter stating the New York Stock Exchange planned to commence proceedings to delist Agria's American Depositary Shares ("ADSs"). According to Agria Corporation, the NYSE letter stated that it had identified evidence indicating that a top executive and other intermediaries engaged in trading intended to artificially inflate Agria's stock price, and that the Company provided incomplete, misleading, or false information in connection with investigations related to these issues. Trading of the Company's ADSs was suspended on November 3, 2016.
Those who purchased Agria Corporation (ADR) (NYSE: GRO) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
SOURCE: Shareholders Foundation, Inc.
ReleaseID: 449902
