LOS ANGELES, Could 27, 2021 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Wunong Web Know-how Firm Restricted (“Wunong” or the “Firm”) (NASDAQ: WNW) traders that the agency has initiated an investigation into potential securities fraud, and will file a category motion on behalf of traders.
Buyers are inspired to contact lawyer Lesley F. Portnoy, by telephone 310-692-8883 or email: [email protected], to debate their authorized rights, or click here to hitch the case through www.portnoylaw.com. The Portnoy Legislation Agency can present a complimentary case analysis and focus on traders’ choices for pursuing claims to get well their losses.
Wunong issued a press launch on Could 19, 2021 “announc[ing] that it acquired written notification on Could 18, 2021, from The Nasdaq Inventory Market LLC that it not complies with Itemizing Rule 5250(c)(1) for continued itemizing in that it has didn’t file its annual report on Type 20-F for the yr ended December 31, 2020.” Buyers have been suggested by Wunong that “[t]he Firm is working aggressively to finish its audit and file its annual report on Type 20-F by June 30, 2021 and accordingly, regain compliance with the Nasdaq Guidelines forward of the deadline to submit its plan to regain compliance.”
On Could 20, 2021, Wunong’s inventory value fell $0.48 or 6.43%, on this information, to shut at $6.98.
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The Portnoy Legislation Agency represents traders in pursuing claims arising from company wrongdoing. The Agency’s founding associate has recovered over $5.5 billion for aggrieved traders. Legal professional promoting. Prior outcomes don’t assure comparable outcomes.
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