Hollysys Automation Technologies Ltd. (HOLI)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Hollysys Automation Technologies Ltd. (“Hollysys” or the “Company”) (NASDAQ: HOLI). The investigation concerns whether Hollysys and certain of its officers and/or directors have violated federal securities laws.
On November 2, 2021, Hollysys filed a notice with the U.S. Securities and Exchange Commission stating that the Company could not timely file its annual report for the period ended June 30, 2021 because of a “delay in collecting supporting documents and information.” Hollysys also disclosed that it had replaced Ernst & Young Hua Ming LLP as its independent auditor. On this news, Hollysys’s stock price fell $5.69 per share, or 29%, to close at $13.70 per share on November 3, 2021.
If you are aware of any facts relating to this investigation, or purchased Hollysys shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz 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.