Poly-Beauty products in the United States were sued for disclosure of false information

Small long vacation has not finished, poly beautiful products in the United States and was sued. U.S. law firm Levi&korsinsky announced yesterday that it had launched a class-action lawsuit against the US regional court in the Eastern District of New York. The lawsuit represents investors who bought the shares of the company during the "collective action period" of May 16, 2014, when Poly-Mei products were listed to November 20, 2014. The lawsuit alleges that the United States in the collective action issue of the group issued a false, a misleading statement and/or non-disclosure of the following information: (a) The company transformed the revenue model from the provision of platform services to the sale of proprietary goods; (b) The shift to the company's previously successful financial performance poses significant risks; The United States did not expand its platform services as it claimed. Levi & Korsinsky said investors who suffered losses from the quality control could apply to the court to become chief plaintiffs before February 10, 2015. Since a few months ago, the media disclosed the third party platform for the sale of fake goods, Poly-Mei excellent products have been hit, compared with the August's highest point of 39.45 U.S. dollars, the shares of the United States and the U.S. stock price shrank by 60%, which also caused the United States law firm "siege." By the end of 2014, more than 10 US law firms had filed a class-action lawsuit against Poly-Mei, which was charged with the launch of an IPO, including breaches of federal securities laws and disclosure of false information. Here, Poly Mei Excellent product founder Chen Au also through micro-blog for "Fake" and "by the U.S. law lawsuit" two topics responded. On the platform for the sale of fake events, Chen Au said that the United States cut off the entire third party luxury line of business, from the root to solve the problem, but it is the deepest hurt, let consumers mistakenly think that poly beauty is cosmetics sales leave, so that its core business was hit. For lawsuits in the US, Chen Au says these firms are "stock-market vultures" that have formed an industrial chain in the United States, with a group of law firms focused on listed companies, the first to become "first plaintiffs" and to gain maximum benefit. Chen Au's response also let the shares of the United States to stop falling, after a warmer. But it still can't stop the "stock market vultures" enthusiasm, the new year, the United States is still facing the old problem.