Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Kandi Technologies Group, Inc. Stockholders

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NEW YORK--(BUSINESS WIRE)--

Kirby McInerney LLP is investigating potential claims against the Board of Directors of Kandi Technologies Group, Inc. (“Kandi” or the “Company”) KNDI related to fraud charges brought against Shawn A. Becker (“Becker”), Roger D. Lockhart (“Lockhart”), and George Tazbaz (“Tazbaz”) by the Securities and Exchange Commission (“SEC”).

The investigation concerns whether the Kandi Board of Directors violated its fiduciary duties by allowing Becker, Lockhart, and Tazbaz to orchestrate manipulative trading in Kandi stock in 2009 and 2010. In 2009, the Company's CEO issued 350,000 additional shares of Kandi to Lockhart and Tazbaz for the purposes of compensating various stock promoters in the United States, including Becker, in exchange for their services. The promoters allegedly agreed to laud the Company's stock and manipulate the price to $3 per share by the end of 2009.

If you are a Kandi stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.

Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.

Kirby McInerney LLP
J. Brandon Walker, Esq., 212-699-1145
888-529-4787
bwalker@kmllp.com

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