Join The Class Action Suit
Company: HF Foods Group Inc.
Class Period: August 23, 2018 — March 23, 2020
Court: U.S.D.C. – Central District of Oklahoma
Deadline: May 28, 2020
A shareholder class action lawsuit has been filed against HF Foods Group Inc. (“HF Foods”) (Nasdaq: HFFG) on behalf of investors who purchased shares of the Company’s stock between August 23, 2018 and March 23, 2020, inclusive (the “Class Period”).
As detailed in the complaint, on March 23, 2020, Hindenburg Research published a report alleging that HF Foods had, among other things, failed to disclose to investors: (i) transactions with related-parties; (ii) the company’s flagrant misuse of shareholder funds; and (iii) the company’ gaming of the FTSE/Russell Index criteria.
Following the release of the Hindenburg Report, shares of HF Foods’ stock fell $2.52 per share, or over 20% in value, to close on March 23, 2020 at $9.80 per share, on heavy trading volume.
Investors who suffered an investment loss in excess of $100,000 purchasing HF Foods’ securities during the Class Period are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by completing the information form on this page, to discuss this action and their legal rights and options.