The Legislation Workplaces of Frank R. Cruz Reminds Traders of Class Actions on Behalf of Shareholders

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The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

LOS ANGELES, July 30, 2020 (GLOBE NEWSWIRE) – Frank R. Cruz's law firm reminds investors that class action suits have been filed on behalf of the shareholders of the following listed companies. Investors have until the deadlines listed below to file a request from the main plaintiff.

Investors who experience losses on their investments are requested to contact Frank R. Cruz's law firm at 310-914-5007 or by email at fcruz@frankcruzlaw.com to exercise their legal rights in these class actions to discuss.

Ideanomics, Inc. (NASDAQ: IDEX)
Class time: March 20, 2020 – June 25, 2020
Main Claimant's Deadline: August 27, 2020

Shareholders with a loss of $ 50,000 or more are encouraged to contact the company

The complaint lodged in this class action alleges that the defendants have made materially incorrect and / or misleading statements throughout the class period and have not disclosed any material adverse facts about the business, operations, and prospects of the company. In particular, the defendants did not tell investors: (1) that the Ideanomics MEG center in Qingdao was not a “one million square meter EV exhibition center”; (2) that the company used treated or modified photos of the alleged MEG center in Qingdao; (3) that the company's electric vehicle business in China was not nearly as strong as that represented by Ideanomics; and (4) the Company's public statements were, as a result, materially incorrect and misleading at all relevant times.

Kirkland Lake Gold LTD. (NYSE: KL)
Class time: January 8, 2018 – November 25, 2019
Main Claimant's Deadline: August 28, 2020

The complaint lodged in this class action alleges that the defendants have made materially incorrect and / or misleading statements throughout the class period and have not disclosed any material adverse facts about the business, operations, and prospects of the company. In particular, the Defendants have failed to disclose to investors: (1) Kirkland lacked adequate internal control over financial reporting, particularly with regard to its forecasts of risk, reserve quality and total cost; (2) that due to the known but not disclosed upcoming acquisition of Detour Gold Corporation, the company's forecasts regarding its risks, reserve requirements and total costs were incorrect and misleading; (3) that the company's financial statements and forecasts have not been adequately presented in accordance with International Financial Reporting Standards; and (4) that, based on the foregoing, the Defendants lacked an adequate basis for making positive statements about the business, the business, and prospects of the Company and / or lacked an adequate basis and material facts were omitted.

Kingold Jewelry, Inc. (NASDAQ: KGJI)
Class time: March 15, 2018 – June 28, 2020
Main Claimant's Deadline: August 31, 2020

The complaint lodged in this class action alleges that the defendants have made materially incorrect and / or misleading statements throughout the class period and have not disclosed any material adverse facts about the business, operations, and prospects of the company. In particular, the defendants did not disclose to investors: (1) Kingold used counterfeit gold as security for fraudulent credit protection; (2) that the Company would consequently be subject to bankruptcy suits and be delisted by the Shanghai Gold Exchange; and (3) as a result, the defendant's statements about its business, operations and prospects were materially incorrect and misleading and / or had no reasonable basis at all relevant times.

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You do not need to take any action at this time to be a member of these class actions. You can keep a lawyer of your choice or take no action and remain an absent member of the class action. If you would like to learn more about these class action lawsuits, or if you have any questions about this announcement or your rights or interests in relation to these matters, please contact Frank R. Cruz of the law firms of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067, 310-914-5007, email info@frankcruzlaw.com or visit our website at www.frankcruzlaw.com. If you inquire by email, please provide your mailing address, telephone number and number of shares purchased.

In some countries, this press release may be considered a lawyer’s advertisement in accordance with applicable laws and ethical rules.

contacts

Frank R. Cruz's law firms, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com

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