NEW YORK–(BUSINESS WIRE)–Dec 29, 2018–The law firm of Kirby McInerney LLP is investigating potential claims against Yangtze River Port & Logistics Limited (Yangtze or the Company) (NASDAQ: YRIV ). This investigation concerns whether Yangtze has violated federal securities laws and/or engaged in other unlawful business practices.
On December 6, 2018, Hindenburg Research (Hindenburg) published a report that described Yangtze as a scheme run by its Chairman & controlling shareholder to siphon money away from U.S. public markets. Among other allegations, the Hindenburg report asserted that Yangtzes only operating entity has been declared insolvent in China and is involved in multiple undisclosed legal proceedi…
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