NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Hebron Technology Co., Ltd. (NASDAQ: HEBT) resulting from allegations that Hebron may have issued materially misleading business information to the investing public.
On June 3, 2020, the investment analyst Grizzly Research issued a report on Hebron entitled “We Believe Hebron Technology Co., Ltd. (HEBT) is an Insider Enrichment Scheme without Economic Basis.” The Grizzly Research report alleged that Hebron “is a stock manipulation scheme that engaged in undisclosed related party acquisitions and undisclosed private placement transactions that have artificially inflated the stock price.”
On this news, Hebron’s stock price fell $8.26 per share, or over 36%, to close at $14.29 per share on June 3, 2020, on unusually high trading volume, damaging investors.
Rosen Law Firm is preparing a securities lawsuit on behalf of Hebron shareholders. If you purchased securities of Hebron please visit the firm’s website at http://www.rosenlegal.com/cases-register-1868.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
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