Pomerantz LLP is investigating claims on behalf of investors HF Foods Group Inc. (“HF Foods” or the “Company”) (NASDAQ: HFFG). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether HF Foods and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On March 23, 2020, Hindenburg Research published a report alleging that HF Foods had failed to disclose, among other issues: (i) transactions with related parties; (ii) its flagrant misuse of shareholder funds; and (iii) its gaming of FTSE/Russell Index criteria.
Following the publication of the Hindenburg Research report, HF Foods’ stock price fell $2.52 per share, or 20.45%, to close at $9.80 per share on March 23, 2020.