Poly-US shares shrink by 60% in 4 months

Absrtact: The house leaks in the overnight rain, in the stock price fell four months after the consecutive fall, Poly-Mei excellent products by investors and law firms litigation. The shares of the United States and the U.S. stock price has fallen from August to 39 U.S. dollars in Friday of 13.5 U.S. dollars, four months, shrinking 65%. Recently, the United States

The leakage of the night, in the stock price fell four months after a row, poly-Mei excellent products by investors and law firms lawsuit. The shares of the United States and the U.S. stock price has fallen from August to 39 U.S. dollars in Friday of 13.5 U.S. dollars, four months, shrinking 65%.

Recently, five law firms in the United States and a domestic law firm launched a class action lawsuit against Poly-Mei excellent products, the reason is the existence of Poly-Mei Excellent products "issued a false and misleading financial statements, did not disclose the changes in the sales model caused a change in the financial situation and other related facts, which led to investors hurt" behavior. And the main concern is that this September, the beginning of this year, Poly-Mei excellent products announced that the third party's cosmetics sales business all to Self-and, all by brand cooperation, counter purchase and the United States to replace the overseas purchase. Yesterday, the United States excellent products said no comment on this.

A lawyer involved in the lawsuit said that May 16 this year, the United States in the U.S. New York stock market is very successful, but the company listed on the listing did not disclose investors have the right to know information. That is, the relevant agencies have asked the United States to disclose the IPO of the company's third party supply platform has been suspicious of suspected suppliers of suspicious behavior, and must stop the business cooperation with these suppliers, but also required to explain the impact of the cessation of cooperation. However, in the listing statement, Poly-Mei products are not disclosed in accordance with the requirements.

And then, in the "Business Update" document issued in July this year, the company proposed a series of measures that it would need to take to ensure that its website sold its products legally, that is, to eliminate the Third-party platform and to fully convert to self. And this means that the supply chain of the United States excellent product risk, cost, etc. will be greatly increased, the profit will be reduced, by these factors, poly-mei excellent stock prices have continued to fall.

Lawyers involved in the lawsuit believe that because of the problems in the information disclosure of Poly-Mei products caused by the loss of stock prices to investors caused losses, so the demand for the United States to compensate for this.

Lawyers say such cases are common.

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Jun Junbo Law Firm is the only Chinese law firm to take part in the US suit, and Jun Junbo, a lawyer who has stepped into the U.S. market since the beginning of the 2011 trend, appears to have lost investment due to doubts about the company's information disclosure, and lawsuits to claim compensation from companies are common, even in the US market almost every day. From the result, most of the cases are regulated by the company and the investors, and the investors can get the compensation in a certain proportion.

December 11 Jun Junbo law firm issued such a notice: we to the global scope of the gathering of U.S. investors, ready to launch a class action. If you buy the company stock or call options before December 9, 2014 and suffer a large loss (USD 50,000 and above), you can entrust us with a class action to claim the loss of investment. All investors may submit information to the designated law firm for compensation once they have won or have settled a certain proportion of the amount of compensation.