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On November 4, 2016, Agria announced that it had received a letter stating the New York Stock Exchange ("NYSE") planned to commence proceedings to delist Agria's American Depositary Receipts ("ADRs"). According to the Company, the NYSE letter stated that it had identified evidence indicating that (i) a top executive and other intermediaries engaged in trading intended to artificially inflate Agria's stock price; and (ii) the Company provided incomplete, misleading, or false information in connection with investigations related to these issues. Trading of the Company's ADRs was suspended on November 3, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-agria-corporation--gro-300358597.html
SOURCE Pomerantz LLP