Investigation Overview
An investigation on behalf of investors of HF Foods Group Inc. (NASDAQ: HFFG) shares over potential securities laws violations by HF Foods Group 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 HF Foods Group Inc. (NASDAQ: HFFG) concerning whether a series of statements by HF Foods Group Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Greensboro, NC based HF Foods Group Inc. markets and distributes fresh produces, frozen and dry food products, and non-food products primarily to Asian/Chinese restaurants and other food service customers in the Southeast region of the United States. HF Foods Group Inc. reported that its annual Total Revenue declined from $295.54 million in 2017 to $291 million in 2018 and that Net Income declined from $9.64 million in 2017 to $6.28 million in 2018.