Pomerantz LLP is investigating claims on behalf of investors of Pingtan
Marine Enterprise Ltd. (“Pingtan” or the “Company”) (NASDAQ:PME). Such
investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com
or 888-476-6529, ext. 9980.
The investigation concerns whether Pingtan and certain of its officers
and/or directors have engaged in securities fraud or other unlawful
business practices.
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here to join a class action]
On May 10, 2017, an analyst published a report asserting that Pingtan
had concealed its involvement in, among other activities, forced labor,
illegal fishing, and human trafficking schemes.
On this news, Pingtan’s share price has fallen as much as $1.80, or
43.8%, during intraday trading on May 10, 2017.
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
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