China Evergrande Group (EGRNY; EGRNF)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of China Evergrande Group ("China Evergrande” or the "Company") (OTCMKT: EGRNY; EGRNF). The investigation concerns whether China Evergrande and certain of its officers and/or directors have violated federal securities laws.
On September 18, 2021, The Wall Street Journal published an article entitled “How Beijing’s Debt Clampdown Shook the Foundation of a Real-Estate Colossus: China Evergrande’s looming collapse and its ripple effect on the economy will pose a test for the government’s campaign to keep housing affordable for the masses”. The article reported, among other things, that “[y]ears of aggressive borrowing have collided with Beijing’s crackdown on debt, leaving [China Evergrande] on the brink of collapse.” On this news, China Evergrande’s share price fell sharply, damaging investors.
If you are aware of any facts relating to this investigation, or purchased China Evergrande shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.