Investigation Overview
An investigation on behalf of investors of Adomani Inc (NASDAQ:ADOM) shares over potential securities laws violations by Adomani Inc and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Adomani Inc (NASDAQ:ADOM) concerning whether a series of statements by Adomani Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Corona, CA based Adomani, Inc. is engaged in designing, manufacturing and installing electric and hybrid drivetrain systems for use in new school buses and medium to heavy-duty commercial fleet vehicles. Adomani Inc went public in June 2017 and shares of Adomani Inc (NASDAQ: ADOM) reached $18.31 per share in July 2017.