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BENSALEM, Pa., Jan. 25, 2021 /PRNewswire/ -- Law Offices of Howard G. Smith reminds investors of the upcoming
February 19, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased ACM Research, Inc. ("ACM Research" or the "Company") (NASDAQ: ACMR) securities between
March 6, 2019 and October 7, 2020, inclusive (the "Class Period").
Investors suffering losses on their ACM Research investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].
On October 8, 2020, J Capital Research issued a report alleging, among other things, that the Company is "over-reporting both revenue and profit." Citing site visits and more than 40 interviews, the report stated that "[w]hat real profit the company has is apparently being siphoned off to related parties." The report also concluded revenue is overstated by 15-20% and claimed to have "evidence that undisclosed related parties are diverting revenue and profit from the company."