NEW YORK, Nov. 4, 2016 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of the American Depositary Shares ("ADSs") of Agria Corporation (NYSE: GRO) resulting from allegations that Agria Corporation may have issued materially misleading business information to the investing public.
On November 4, 2016, Agria Corporation announced that it received a letter from the New York Stock Exchange ("NYSE") (the "Letter") informing the company that the NYSE has determined to commence proceedings to delist its ADSs from the NYSE. Trading was suspended on November 3, 2016.
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 firstname.lastname@example.org or email@example.com.
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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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Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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SOURCE Rosen Law Firm, P.A.