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 $1.000 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.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Agria investors. If you purchased shares of Agria please visit the firm's website at http://www.rosenlegal.com/cases-983.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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