|Company name||Nova LifeStyle, Inc.|
|Class period||December 3, 2015 – December 20, 2018|
|Lead plaintiff deadline||February 26, 2019|
|Court||Central District of California|
NEW YORK, December 28, 2018 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired Nova LifeStyle, Inc. (NASDAQ: NVFY) securities between December 3, 2015 and December 20, 2018 (the “Class Period”). Investors have until February 26, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The complaint alleges that throughout the class period defendants made false and/or misleading statements and/or failed to disclose that: (1) Nova Lifestyle overstated its purported “strategic alliance” with Shanxi Wanginq to operate as lead designer and manufacturer for all furnishings in Shanxi Wanginq’s planned $460 million senior care center in China; (2) Nova Lifestyle inflated its reported sales in 2016 and 2017 with Shanxi Wangqing 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 purchased Nova Lifestyle securities during the Class Period or continue to hold shares purchased before the Class Period, 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 Brandon Walker or Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.