BENSALEM, Pa.–(BUSINESS WIRE)–$ZXAIY #classaction–Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors that purchased China Zenix Auto
International Limited (“China Zenix” or the “Company”) (OTC: ZXAIY)
securities between October 2, 2015 and June 14, 2018, inclusive
(the “Class Period”). China Zenix investors have until December
31, 2018 to file a lead plaintiff motion.
Investors suffering losses on their China Zenix investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
On June 15, 2018, China Zenix disclosed that the New York Stock Exchange
had made the decision to delist the Company’s shares from its exchange,
effective June 14, 2018. On this news, shares of China Zenix fell $0.58,
or 42.03%, to close at $0.80 per share when trading resumed on June 18,
2018, thereby injuring investors.
The complaint filed in this class action alleges that during the class
period, Defendants made false and/or misleading statements and/or failed
to disclose that: (1) China Zenix’s trading actions in connection with
its compliance with the NYSE Continued Listed Requirements were contrary
to public policy; (2) China Zenix had inadequate internal controls over
financial reporting; and (3) as a result of the foregoing, defendants’
statements about its business, operations, and prospects, were
materially false and misleading and/or lacked a reasonable basis at all
If you purchased shares of China Zenix, have information or 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 Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com,
or visit our website at www.howardsmithlaw.com.
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