NEW YORK, June 15, 2018 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of ANTA Sports Products Limited ("ANTA" or the "Company") (OTC MKT: ANPDY). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether ANTA and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On June 12, 2018, GMT Research ("GMT") issued a report stating that ANTA's operating margins were sufficiently high that GMT suspected the Company of engaging in questionable accounting practices.
Since the issuance of GMT's report, ANTA's American depositary receipt price has fallen $9.27, or 6.27%, to close at $138.63 on June 15, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, 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
888-476-6529 ext. 9980
SOURCE Pomerantz LLP