14.03.2017 18:35:00

KANDI TECHNOLOGIES NOTIFICATION: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Kandi Technologies Group, Inc. To Contact The Firm

NEW YORK, March 14, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Kandi Technologies Group, Inc. ("Kandi" or the "Company") (NASDAQ:KNDI).

The investigation focuses on whether the Company and its executives violated federal securities laws.

Specifically, after market close on March 13, 2017, Kandi filed a Form 8-K with the Securities and Exchange Commission disclosing that "the Company's management identified certain areas in the Company's previously issued financial statements for the years ended December 31, 2015 and 2014, and the first three quarters for the year ended December 31, 2016, that require adjustment…" Additionally, the Company stated that the aforementioned financial statements "should no longer be relied upon." On this news, shares of Kandi significantly declined during intraday trading on March 14, 2017, causing harm to investors.

Request more information now by clicking here:  www.faruqilaw.com/KNDI. There is no cost or obligation to you.

Take Action

If you invested in Kandi stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/KNDI.  You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding Kandi's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising.  The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).  Prior results do not guarantee or predict a similar outcome with respect to any future matter.  We welcome the opportunity to discuss your particular case.  All communications will be treated in a confidential manner.

FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn:  Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/kandi-technologies-notification-faruqi--faruqi-llp-encourages-investors-who-suffered-losses-in-excess-of-100000-investing-in-kandi-technologies-group-inc-to-contact-the-firm-300423445.html

SOURCE Faruqi & Faruqi, LLP

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