A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of China Commercial Credit Inc (NASDAQ:CCCR) over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 05/01/2017 -- The Shareholders Foundation announces that a deadline is coming up on May 1, 2017 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of China Commercial Credit Inc (NASDAQ:CCCR) between August 14, 2013 and July 25, 2014.
Investors who purchased a significant amount of shares of China Commercial Credit Inc (NASDAQ:CCCR) between August 14, 2013 and July 25, 2014, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the China Commercial Credit Inc (NASDAQ:CCCR) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/china-commercial-credit-inc-nasdaq-cccr-investor-securities-class-action-lawsuit-08062014
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is May 1, 2017. The class action administrator for this case is RG/2 Claims Administration LLC.
The lawsuit was originally filed in the U.S. District Court for the District of New Jersey against China Commercial Credit Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between November 14, 2013 and July 25, 2014. According to the complaint the plaintiff alleges on behalf of purchasers of China Commercial Credit Inc (NASDAQ:CCCR) common shares between November 14, 2013 and July 25, 2014, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that China Commercial Credit Inc mislead investors about its involvement in risky loans and loan guarantee obligations.
Those who purchased shares of China Commercial Credit Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com