Glancy Prongay & Murray LLP Reminds Investors Of Looming Deadline In The Class Action Lawsuit Against Golden Heaven Group Holdings Ltd. (GDHG)


(MENAFN- GlobeNewsWire - Nasdaq) LOS ANGELES, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming February 20, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Golden Heaven Group Holdings Ltd. (“Golden Heaven” or the“Company”) (NASDAQ: GDHG ) securities between April 13, 2023 and December 8 , 2023 , inclusive (the“Class Period”).

If you suffered a loss on your Golden Heaven investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at . You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at ... to learn more about your rights.

On November 13, 2023, Hindenburg Research posted a series of allegations on social media, noting that Golden Heaven's CEO has“a history of undisclosed fraud allegations and asset freezes in China”, that“[t]he company was taken public by securities firms with multiple FINRA infractions” and that Golden Heaven's“claimed high-tech parks appear to be dystopian hellscapes.” Hindenburg further detailed that each of Golden Heaven's theme parks were poorly maintained and attracted fewer guests than the Company suggested.

On this news, Golden Heaven's stock price fell $6.63, or 27.9%, to close at $17.12 per share on November 13, 2023, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Golden Heaven's amusement parks are in generally poor condition; (2) Golden Heaven materially overstated the number of visitors to its amusement parks and overall growth prospects, and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Follow us for updates on LinkedIn , Twitter , or Facebook .

If you purchased or otherwise acquired Golden Heaven securities during the Class Period, you may move the Court no later than February 20, 2024 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to ... , or visit our website at . 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
Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
...


MENAFN13022024004107003653ID1107847366


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.