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CHINA TECHFAITH WIRELESS COMMUNICATION TECHNOLOGY LIMITED INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York…

Lead Plaintiff Deadline is March 11, 2019

NEW YORK, Jan. 09, 2019 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District for the Eastern District of New York against China TechFaith Wireless Communication Technology Limited ("China TechFaith" or the “Company") (NASDAQ: CNTF) on behalf of shareholders who purchased or otherwise acquired American Depositary Receipts (“ADR’s”) of China TechFaith between July 12, 2018 through December 19, 2018, both dates inclusive (the “Class Period”).

Investors who have incurred losses in the ADR’s of China TechFaith Wireless Communication Technology Limited are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.

If you have incurred losses in the ADR’s of China TechFaith Wireless Communication Technology Limited you may, no later than March 11, 2019, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in China TechFaith Wireless Communication Technology Limited.

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The filed Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:

  • China Techfaith’s agreement to sell its wholly-owned subsidiary would not be as lucrative as it led investors to believe;
     
  • China Techfaith failed to adequately disclose that changing market conditions would negatively impact profitability; and
     
  • consequently, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

Attorney Advertising. Prior results do not guarantee or predict a similar outcome.

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