News - Bragar Eagel & Squire is Investigating Certain Officers and Directors of TrueCar, Verb, Yangtze River, and YRC Worldwide and Encourages Investors to Contact the Firm
October 08, 2019 20:28 ET | Source: Bragar Eagel & Squire NEW YORK, Oct. 08, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire is investigating certain officers and directors of TrueCar, Inc. (NASDAQ: TRUE), Verb Technology Company, Inc. (NASDAQ: VERB), Yangtze River Port and Logistics Limited (Other OTC: YRIV), and YRC Worldwide, Inc. (NASDAQ: YRCW) on behalf of long-term stockholders. More information about each potential case can be found at the link provided.
Yangtze River Port and Logistics Limited (Other OTC: YRIV)
Bragar Eagel & Squire is investigating certain officers and directors of Yangtze River Port and Logistics Limited following a class action complaint that was filed against Yangtze River on January 2, 2019.
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Yangtze’s purported lease of the Wuhan Yangtze River Newport Logistics Center, the company’s main asset, was a fabrication; (2) Yangtze’s only operating subsidiary, Wuhan Yangtze River Newport Logistics Co., Ltd., was declared insolvent in China due to a number of default judgments against it; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.