LOS ANGELES–(BUSINESS WIRE)–$HFFG #classaction—The Law Offices of Frank R. Cruz announces an investigation on behalf of HF Foods Group Inc. (“HF Foods” or “the Company”) (NASDAQ: HFFG) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On March 23, 2020, Hindenburg Research released a report claiming that HF Foods engaged in “massive undisclosed related-party transactions,” that shareholder money was “spent on exotic supercars,” and that the Company had an “outrageous fundamental valuation.”
On this news, the Company’s share price fell $2.52, or over 20% to close at $9.80 per share on March 23, 2020, thereby injuring investors.
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If you purchased HF Foods securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
[email protected]
www.frankcruzlaw.com
