Company: ADOMANI, Inc.
Class Period: June 15, 2018 —
Court: California Superior Court
Kaskela Law LLC announces that a class action lawsuit has been filed against ADOMANI, Inc. (NASDAQ: ADOM) (“ADOMANI” or the “Company”) on behalf of investors.
ADOMANI completed its initial public offering (“IPO”) of common stock on or about June 15, 2017, selling more than 2.5 million shares of stock to investors at a price of $5.00 per share.
The investor class action complaint alleges that the offering documents filed in connection with the IPO omitted material information about certain of ADOMANI’s executive officers and directors in violation of relevant disclosure obligations, and which deprived investors of information critical to their assessment of such officers/directors’ experience and qualifications, as well as of ADOMANI’s business and prospects. By April 2018, shares of the Company’s common stock had declined to below $1.00 per share in value.
ADOMANI investors who purchased the Company’s common stock on or around June 15, 2017 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585 or (888) 715 – 1740 to discuss their important legal rights and recovery options. To submit your information to the firm please complete the information form on this page.