GlobeNewswire Inc | Aug 10, 2020 10:00AM EDT

August 10, 2020

LOS ANGELES, Aug. 10, 2020 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com.

Hebron Technology Co., Ltd. (NASDAQ: HEBT) Class Period: April 24, 2020 - June 3, 2020Lead Plaintiff Deadline: August 10, 2020

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Companys business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that many of Hebrons acquisitions, including Beijing Hengpu and Nami Holding (Cayman) Co., Ltd., involved undisclosed related parties; (2) that the Companys disclosure controls regarding related party transactions was ineffective; and (3) that, as a result of the foregoing, Defendants positive statements about the Companys business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Kandi Technologies Group, Inc. (NASDAQ: KNDI) Class Period: June 10, 2015 - March 13, 2017Lead Plaintiff Deadline: August 10, 2020

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Companys business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that certain areas in the Companys previously issued financial statements for the years ended December 31, 2015 and 2014, and the first three quarters for the year ended December 31, 2016 required adjustment; (2) that in turn, the Company lacked effective controls over financial reporting; and (3) that as a result, Defendants statements about the Companys business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Wells Fargo & Company (NYSE: WFC)Class Period: February 2, 2018 March 10, 2020Lead Plaintiff Deadline: August 14, 2020

Shareholders with $1,000,000 in losses or more are encouraged to contact the firmThe complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose: (1) that Wells Fargo had inadequate disclosure controls and procedures and internal controls over financial reporting, particularly with respect to its risk and compliance management, policies and programs; (2) that the Company was not compliant with the regulatory consent orders entered into in 2018; (3) that the Companys remedial plans were inadequate, incomplete, and insufficient to prevent from future consumer abuses; (4) that as a result of the continued noncompliance with the regulatory consent orders, the Company was threatened with supervisory and/or enforcement actions and penalties; (5) that the Companys remedial measures and risk and compliance management remained inadequate to protect against consumer fraud; (6) as a result of the foregoing, Defendants positive statements about the Companys business, operations, and prospects were materially misleading and/or lacked a reasonable basis and omitted materials facts.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish tolearn moreabout these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz, 310-914-5007fcruz@frankcruzlaw.comwww.frankcruzlaw.com