Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Golden Heaven Group Holdings Ltd. due to allegations of violations of federal securities laws, including false statements about the condition of its amusement parks and overstated visitor numbers [3][4]. Group 1: Legal Investigation - A federal securities class action has been filed against Golden Heaven, with a deadline of February 20, 2024, for investors to seek the role of lead plaintiff [3]. - The law firm encourages anyone with information regarding Golden Heaven's conduct to come forward, including whistleblowers and former employees [7]. Group 2: Allegations Against the Company - The complaint alleges that Golden Heaven's amusement parks are in poor condition and that the company materially overstated visitor numbers and growth prospects [4]. - Hindenburg Research reported that Golden Heaven's claimed high-tech parks in China are not as represented, leading to significant doubts about the company's financials [5]. Group 3: Market Reaction - Following the revelation by Hindenburg Research, Golden Heaven's stock price dropped by $6.63 per share, or 27.92%, closing at $17.12 on November 13, 2023 [5].
GOLDEN HEAVEN INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $25,000 In Golden Heaven To Contact Him Directly To Discuss Their Options