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China Zenix Auto International Limited (ZXAIY)

Securities Class Action

Overview
  • Date:
  • 12/7/2018
  • Company Name:
  • China Zenix Auto International Limited
  • Stock Symbol:
  • ZXAIY
  • Class Period:
  • FROM 10/2/2015 TO 6/14/2018
  • Status:
  • Closed/Complete
  • Court:
  • U.S. Bankruptcy Court: District of New Jersey

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NEW YORK, December 7 2018 - According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) China Zenix’s trading actions in connection with its compliance with the NYSE Continued Listed Requirements were contrary to public policy; (2) China Zenix had inadequate internal controls over financial reporting; and (3) as a result of the foregoing, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times When the true details entered the market, the lawsuit claims that investors suffered damages.

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