NEW YORK, May 10, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Pingtan Marine Enterprise Ltd. ("Pingtan" or the "Company") (NASDAQ: PME). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/pme.
The investigation concerns whether Pingtan and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On May 10, 2017, an analyst reported that Pingtan had concealed its involvement in, among other illegal activities, forced labor, illegal fishing, and human trafficking schemes. Following this news, Pingtan stock has dropped as much as $1.80 per share, or 43.8%, during intraday trading on May 10, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Pingtan, you can assist this investigation by visiting the firm's site: www.bgandg.com/pme. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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