Nova Lifestyle, Inc. Reminder: Pawar Law Reminds of Important February 26, 2019 Lead Plaintiff Deadline in Class Action – NVFY

NEW YORK, Feb. 22, 2019 (GLOBE NEWSWIRE) -- Pawar Law Group reminds shareholders who purchased shares of Nova Lifestyle, Inc. NVFY from December 3, 2015 through December 20, 2018, inclusive (the "Class Period") of the important February 26, 2019 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for Nova Lifestyle investors under the federal securities laws.

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Nova Lifestyle overstated its purported "strategic alliance" with Shanxi Wangqing to operate as lead designer and manufacturer for all furnishings in Shanxi Wangqing's planned $460 million senior care center in China; (2) Nova Lifestyle inflated its reported sales in 2016 and 2017 with Shanxi Wangqing and Merlino Lewis LLP; and (3) as a result, Nova Lifestyle's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 26, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://pawarlawgroup.com/cases/nova-lifestyle-inc/ or to discuss your rights or interests regarding this class action, please contact Vik Pawar of Pawar Law Group toll free at 888-589-9804 or via email at info@pawarlawgroup.com.

No class has been certified.  Until a class is certified, you are not represented by counsel unless you hire one.  You may hire counsel of your choice.  You may also do nothing at this time and be an absent member of the class.  Your ability to share in any future recovery is not dependent upon being a lead plaintiff. 

Pawar Law Group represents investors from around the world.

Attorney Advertising. Prior results do not guarantee a similar outcome. 

Contact:  
Vik Pawar, Esq.  
Pawar Law Group  
20 Vesey Street, Suite 1210  
New York, NY 10007  
Tel: (917) 261-2277  
Fax: (212) 571-0938  
info@pawarlawgroup.com