[ACCESSWIRE]
Lead Plaintiff Deadline is January 9, 2017
NEW YORK, NY / ACCESSWIRE / November 10, 2016 / Wolf
Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed on behalf of the purchasers of Agria Corporation (NYSE: GRO) American Depository Shares (ADRs) from December 16, 2011 through November 4, 2016, inclusive (the "Class Period"). The case has been filed in the United States District Court for the District of New Jersey.
Investors who have incurred losses in Agria Corporation are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You
may also review the filed complaint and obtain additional information
concerning the action on our website, www.whafh.com.
If you purchased the ADR securities of Agria Corporation within the class period and suffered losses, you may, no later than January 9, 2017, request that the Court appoint you lead plaintiff of the proposed class.
On November 4, 2016, Agria Corporation announced that it received a letter from the New York Stock Exchange ("NYSE") (the "Letter") informing the company that the NYSE has determined to commence proceedings to delist its ADSs from the NYSE. Trading was suspended on November 3, 2016 and remains halted.
According to the NYSE's Letter, the determination to delist Agria was based on an investigation conducted by NYSE Regulation, which uncovered evidence demonstrating that Agria (i) through a top executive and other intermediaries engaged in trading intended to artificially inflate Agria's stock price, including to improperly avoid having the company delisted for failing to comply with NYSE's continued listing standards requiring companies to maintain an average stock price of at least $1.00 per share over a consecutive thirty-day trading period; and (ii) provided incomplete, misleading, or false information in connection with investigations related to these issues. The Letter also revealed an ongoing SEC investigation concerning the company.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein
Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com.
## Follow the firm and learn about newly filed cases on Twitter and Facebook. ##
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774
Attorney Advertising. Prior results do not guarantee or predict a similar outcome.
SOURCE: Wolf Haldenstein Adler Freeman & Herz LLP
