Yangtze River Port and Logistics Limited (YRIV)'s Proceedings and Litigation Progress against Hindenburg Research
YANGTZE RVR PORT&LOGISTIC (YRIV)
Company Research
Source: PR Newswire
NEW YORK, Aug. 28, 2019 /PRNewswire/ -- On January 23, 2019, Yangtze River Port and Logistics Limited (Nasdaq: YRIV) (the "Company") filed a defamation lawsuit in the New York Supreme Court, New York County, against Hindenburg Research, Nathan Anderson, ClaritySpring Securities LLC and ClaritySpring Inc. (collectively, "Defendants") in response to their coordinated and orchestrated market manipulation scheme to disseminate false, misleading, and defamatory content to the marketplace regarding the Company for the purpose of inflicting substantial reputational harm on the Company for Defendants' own financial gain. The details and updates regarding the lawsuit are as follows: 1. The Company Established a Special Committee for Internal Investigation A week after HR published its Report on the Company, the Company established a special committee (the "Special Committee") composed of independent directors to carry out a special internal investigation, for the purpose of investigating each
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