Lifshitz & Miller LLP Files Class Action Lawsuit With Expanded Class Period against Hongli Clean Energy Technologies Corp.

NEW YORK, June 28, 2017 /PRNewswire/ -- Lifshitz & Miller, a securities class action law firm focused on representing shareholders nationwide, announces that on June 28, 2017, Lifshitz & Miller filed a securities class action lawsuit on behalf of shareholders who purchased shares of Hongli Clean Energy Technologies Corp. (NASDAQ: CETC) ("Hongli" or the "Company") between September 28, 2012 and April 7, 2017 (the "Class Period").  The lawsuit was filed in the U.S. District Court for the District of New Jersey and alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and is related to the securities class action captioned Nasin v. Hongli Clean Energy Technologies Corp, et al., No. 2:17-cv-3244, previously filed on May 8, 2017.

A copy of the complaint is available from the Court or from Lifshitz & Miller.  If you are a Hongli investor, and would like additional information about our investigation and complaint, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516) 493-9780 or e-mail at info@jlclasslaw.com.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

The complaint alleges that during the Class Period, Defendants issued materially false and/or misleading statements and/or failed to disclose the following adverse facts pertaining to the Company's business, operational and financial results, which were known to Defendants or recklessly disregarded by them.  In particular, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company did not properly record the impairment of its assets on its balance sheets and in its public filings; and (2) as a result, the Company's public statements were materially false and misleading at all relevant times.

The deadline for investors to file a motion, with the court, for appointment as a lead plaintiff in this lawsuit is July 7, 2017.

Lifshitz & Miller has extensive experience representing investors in the prosecution of securities class actions and shareholder derivative litigation in state and federal courts across the country.

ATTORNEY ADVERTISING. © 2017 Lifshitz & Miller LLP.  The law firm responsible for this advertisement is Lifshitz & Miller LLP, 821 Franklin Avenue, Suite 209, Garden City, New York 11530, Tel: (516) 493-9780.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:
Joshua M. Lifshitz, Esq.
Lifshitz & Miller LLP
Phone:  516-493-9780
Facsimile: 516-280-7376
Email: info@jlclasslaw.com

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SOURCE Lifshitz & Miller Law Firm