A Deadline is coming up on February 9, 2021 in the lawsuit for certain investors in Kandi Technologies Group, Inc. (NASDAQ:KNDI).

San Diego, CA -- (SBWire) -- 02/03/2021 --A deadline is coming up on February 9, 2021 in the lawsuit filed for certain investors of Kandi Technologies Group, Inc. (NASDAQ: KNDI).

Investors who purchased shares of Kandi Technologies Group, Inc. (NASDAQ: KNDI) have certain options and there are strict and short deadlines running. Deadline: February 9, 2021. NASDAQ: KNDI stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Kandi Technologies Group, Inc. (NASDAQ: KNDI) common shares between March 15, 2019 and November 27, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 15, 2019 and November 27, 2020, the Defendants made false and/or misleading statements and/or failed to disclose that Kandi artificially inflated its reported revenues through undisclosed related party transactions, or otherwise had relationships with key customers that indicated those customers did not have an arms-length relationship with Kandi, that the majority of Kandi's sales in the past year had been to undisclosed related parties and/or parties with such a close relationship and history with Kandi that it cast doubt on the arms-length nature of their relationship, that all the foregoing, once revealed, was foreseeably likely to cast doubt on the validity of Kandi's reported revenues and, in turn, have a foreseeable negative impact on the Company's reputation and valuation, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Kandi Technologies Group, Inc. (NASDAQ: KNDI) 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

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.