Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against HF Foods Group, Inc.

To join this class action, please complete the following Investor Certification.  [contact-form-7 id=”1495″ title=”HF Foods Group, Inc. (NASDAQ:  HFFG) Investor Certification”]

Oklahoma City, OK (March 30, 2020) – On March 29, 2020, a securities class action lawsuit was filed in the United States District Court for the Central District of California against HF Foods Group, Inc. (NASDAQ: HFFG).  The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is August 23, 2018 through March 23, 2020.  More specifically, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) HF Foods engaged in undisclosed related party transactions; (2) HF Foods insiders and related parties were enriching themselves by misusing shareholder funds; (3) HF Foods was “gaming” the FTSE/Russell Index by masking the true number of shares free floating; and (4) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Plaintiff seeks to recover damages on behalf of all HF Foods Group, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above.  You may move the Court no later than Thursday, May 28, 2020 to serve as a lead plaintiff for the entire Class.  However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact:  Robin Hester at rkh@federmanlaw.com