Cases
Nova LifeStyle, Inc. (NVFY)
Securities Class Action
Overview
Overview
- Date:
- 5/16/2019
- Company Name:
- Nova LifeStyle, Inc.
- Stock Symbol:
- NVFY
- Class Period:
- FROM 12/3/2015 TO 12/20/2018
- Status:
- Closed/Complete
NEW YORK, May 16, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against certain officers and directors of Nova LifeStyle, Inc. (NASDAQ: NVFY).
On December 28, 2018 a complaint was filed alleging that between December 3, 2015 and December 20, 2018, defendants made false and/or misleading statements and/or failed to disclose that: (1) Nova Lifestyle overstated its purported “strategic alliance” with Shanxi Wanqing to operate as lead designer and manufacturer for all furnishings in Shanxi Wanqing’s planned $460 million senior care center in China; (2) Nova Lifestyle inflated its reported sales in 2016 and 2017 with Shanxi Wanqing and Merlino Lewis LLP; and (3) as a result, Nova Lifestyle’s public statements were materially false and misleading at all relevant times.
If you are a long term stockholder of Nova, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On December 28, 2018 a complaint was filed alleging that between December 3, 2015 and December 20, 2018, defendants made false and/or misleading statements and/or failed to disclose that: (1) Nova Lifestyle overstated its purported “strategic alliance” with Shanxi Wanqing to operate as lead designer and manufacturer for all furnishings in Shanxi Wanqing’s planned $460 million senior care center in China; (2) Nova Lifestyle inflated its reported sales in 2016 and 2017 with Shanxi Wanqing and Merlino Lewis LLP; and (3) as a result, Nova Lifestyle’s public statements were materially false and misleading at all relevant times.
If you are a long term stockholder of Nova, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.