LOS ANGELES, Sept. 30, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Semiconductor Manufacturing International Corporation ("Semiconductor" or the "Company") (OTC: SMICY) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The investigation focuses on whether Semiconductor issued misleading and/or false statements and/or failed to disclose information pertinent to investors. SMIC is the subject of a report published by Reuters on September 26, 2020. According to the report, “The Trump administration is considering whether to add China’s top chipmaker SMIC to a trade blacklist, a Defense Department official said.” On September 28, 2020, ADRs of SMIC fell by more than 5% in intraday trading based on this news.
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The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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