LOS ANGELES–(BUSINESS WIRE)–$SMIC #SMIC—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Semiconductor Manufacturing International Corporation (“SMIC” or “the Company”) (OTC: SMICY) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. SMIC is the subject of a Reuters report published 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.” Based on this news, ADRs of SMIC fell by more than 5% in intraday trading on September 28, 2020.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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