NEW YORK, April 17, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Kandi Technologies Group, Inc. ("Kandi" or the "Company") (NASDAQ: KNDI) concerning whether the board has breached its fiduciary duties to shareholders.
In November 2016, Kandi announced that its Chief Financial Officer had resigned. On March 13, 2017, the Company disclosed that it would be forced to restate its previously issued financial statements for 2014 and 2015, and the first three quarters of 2016.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Kandi shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP