Kandi Technologies Group, Inc. Class Action Lawsuit - KNDI

(i) 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; (ii) 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; (iii) 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 (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

In order to be eligible to join the KNDI class action lawsuit, you must have incurred a loss on shares of Kandi Technologies purchased during the class period listed above.

If you suffered a loss in Kandi Technologies during the relevant time frame or pursuant to the relevant offering(s), you have until February 9, 2021 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.