NYSE, OTC: CO, CORBF

Global Cord Blood Corporation

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Global Cord Blood Corporation  (NYSE: CO) (OTC: CORBF) between June 4, 2019 and May 3, 2022, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2024.

If you purchased Global Cord securities and would like to join the action, please click “Join This Class Action.”

集体诉讼期:June 4, 2019 through May 3, 2022

截止期限:

36 Days
If you purchased Global Cord securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

案件详情:

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:

  • Global Cord employed a capital allocation strategy designed to reserve funds for Global Cord insiders and related parties rather than for the benefit of Global Cord shareholders;
  • Global Cord’s decisions to reject multiple going private offers and enter into the Transaction, an agreement to acquire Cellenkos Inc. for over $1 billion (including in Global Cord shares) were nothing more than self-serving and conflicted attempts by defendants to divert company funds to corporate insiders and related parties;
  • defendants had fundamentally misrepresented to investors Global Cord’s approach to capital allocation, strategic investments, acquisitions, and related party transactions as a result of the misappropriation by defendant Yuen Kam and his entities of hundreds of millions of dollars from Global Cord; and
  • as a result, Global Cord’s public statements were materially false and misleading at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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公司名称: Global Cord Blood Corporation
股票代号: CO, CORBF
集体诉讼期: June 4, 2019 through May 3, 2022
法院: United States District Court for the Southern District of New York

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投资者应仔细鉴别和遴选在引领证券集体诉讼方面有多年成功经验的的律师。通常,其他律所会发布关于集体诉讼的新闻稿,但却没有类似的经验或资源。

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