ORN Lawsuit; ORN Class Action

Class Action News

Levi & Korsinsky Announces YRIV Class Action; Yangtze Lawsuit

Levi & Korsinsky

February 15, 2019

NEW YORK, February 14, 2019 – Levi & Korsinsky, LLP announces the commencement of a class action in the USDC for the Eastern District of New York on behalf of shareholders of Yangtze River Port and Logistics Limited (“Yangtze”) (NASDAQGS: YRIV) who purchased shares between February 2, 2016 and December 5, 2018. To get more information about the Yangtze lawsuit go to: https://www.zlk.com/pslra-1/yangtze-river-port-and-logistics-ltd-loss-form or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The YRIV class action alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Yangtze’s purported lease of the Wuhan Yangtze River Newport Logistics  Center, the Company’s main asset, was a fabrication; (2) Yangtze’s only operating subsidiary, Wuhan Newport, was declared insolvent in China due to a number  of default judgments against it; and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or  lacked a reasonable basis at all relevant times.

If you suffered a loss in Yangtze you have until March 4, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

Tel: (212) 363-7500

Toll Free: (877) 363-5972

Fax: (212) 363-7171

www.zlk.com