Rosen Law Firm, a global investor rights law firm, announces it has filed an amended class action complaint on behalf of purchasers of the securities of Adomani, Inc. ADOM pursuant and/or traceable to the Offering Circular issued in connection with Adomani's initial public offering held on or around June 15, 2017 (the "IPO" or the "Offering").
The amended complaint alleges that Adomani's Offering Circular omitted material biographical information pertaining to Adomani's Chief Technology Officer, Edward R. Monfort, and its director nominee, John F. Perkowski. Specifically, the Offering Circular failed to disclose that Monfort and Perkowski served as executives and/or directors at one or more "penny stock" companies in which shareholders lost nearly all of their investment. Adomani's stock has plummeted since its June 2017 IPO, currently trading around $0.50 per share or 90% below its IPO price of $5 per share.
If you purchased shares of Adomani pursuant and/or traceable to the company's IPO, please visit the firm's website at https://www.rosenlegal.com/cases-1381.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.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.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
The
Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New
York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax:
(212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
zhalper@rosenlegal.com
www.rosenlegal.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20181126005625/en/
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