RADNOR, Pa., Nov. 29, 2018 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a class action lawsuit has been filed against ADOMANI, Inc. (NASDAQ: ADOM) (“ADOMANI” or the “Company”) on behalf of investors.
ADOMANI completed its initial public offering (“IPO”) of common stock on or about June 15, 2017, selling more than 2.5 million shares of stock to investors at a price of $5.00 per share. The investor class action complaint alleges that the offering documents filed in connection with the IPO omitted material information about certain of ADOMANI’s executive officers and directors in violation of relevant disclosure obligations, and which deprived investors of information critical to their assessment of such officers/directors’ experience and qualifications, as well as of ADOMANI’s business and prospects. By April 2018, shares of the Company’s common stock had declined to below $1.00 per share in value.
ADOMANI investors who purchased the Company’s common stock on or around June 15, 2017 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585 or (888) 715 – 1740, or via email at skaskela@kaskelalaw.com, to discuss their important legal rights and options. Additional information about this action may be found at http://kaskelalaw.com/case/adomani-inc/.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and other stockholder actions. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
201 King of Prussia Road
Suite 650
Radnor, PA 19087
(484) 258 – 1585
(888) 715 – 1740
www.kaskelalaw.com
skaskela@kaskelalaw.com