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Sinovac Biotech Ltd. (NASDAQ: SVA)

Securities Class Action

Overview
  • Date:
  • 8/8/2017
  • Company Name:
  • Sinovac Biotech Ltd.
  • Stock Symbol:
  • SVA
  • Class Period:
  • FROM 4/30/2013 TO 5/16/2017
  • Status:
  • Closed/Complete
  • Court:
  • U.S. District Court: District of New Jersey

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NEW YORK, August 8, 2017 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all persons or entities who purchased or otherwise acquired Sinovac Biotech Ltd. (NASDAQ: SVA) securities between April 30, 2013 and May 16, 2017 (the “Class Period”).  Investors have until September 1, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Defendant Weidong Yin, Sinovac’s Chairman and CEO, bribed a member of the Chinese Food and Drug Administration to assist Sinovac’s vaccine clinical trial and approval; (2) Yin's conduct would subject Sinovac to heightened regulatory scrutiny; and (3) subsequently, Sinovac’s public statements were materially false and misleading at all relevant times.

If you purchased or otherwise acquired Sinovac securities during the Class Period or continue to hold shares purchased prior to 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 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.

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