Goodman & Nekvasil, P.A., May Recover Investor Losses – China Auto Logistics (CALI)
China Auto Logistics (CALI) together with its subsidiaries, sells and trades in imported automobiles in the People’s Republic of China, according to Yahoo! Finance. In addition, China Auto Logistics (CALI) operates through Sales of Automobiles, Financing Services, and Other Services segments. According to Yahoo! Finance, the company also offers financing services, including letter of credit issuance, purchase deposit financing, and import duty advances services, as well as automobile value-added services comprising assistance related to customs clearance, storage, and delivery services. In addition, China Auto Logistics (CALI) provides Web-based advertising services through its Websites, such as at188.com that provides sales and trading information related to imported automobiles, as well as parts and components information; and at160.com, which offers real-time price comparison, and sales and trading information.
Publicly available records indicate that a class action lawsuit has been filed on behalf of investors in China Auto Logistics (CALI). According to the Complaint, the Company made false and misleading statements to the market throughout the class period. China Auto Logistics failed to establish and maintain sufficient internal controls over reporting certain types of relationships and related transactions. Based on these inadequate controls, the Company’s public statements were false and materially misleading throughout the class period.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments such as China Auto Logistics (CALI).
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments such as China Auto Logistics (CALI) and has recovered more than $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
You may have the right to recover your losses from the brokerage firm that sold China Auto Logistics (CALI) and other high-risk investments to you. We strongly recommend that you act quickly, however, because statutes of limitation can be short in securities cases.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment in China Auto Logistics (CALI) and/or other high-risk investments and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Keywords: China Auto Logistics, CALI,