NEW YORK, July 15, 2020 /PRNewswire/ — Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, is investigating whether ECMOHO Limited (“ECMOHO” or the “Company”) (NASDAQ: MOHO) or certain of its officers and directors violated federal securities laws. If you purchased ECMOHO securities pursuant and/or traceable to ECMOHO’s initial public offering (“IPO”) in November 2019, you are encouraged to contact Scott+Scott attorney Jonathan Zimmerman at (888) 398-9312 for more information.
ECMOHO purports to be one of China’s leading, integrated solution providers in the rapidly growing non-medical health and wellness market.
On or about November 12, 2019, ECMOHO commenced an IPO, issuing 4,375,000 American Depository Shares (ADSs), representing 17,500,000 Class A Ordinary Shares, to the investing public at $10 per ADS.
On March 30, 2020, ECMOHO announced its preliminary financial results for fiscal year 2019, reporting revenue of approximately $329 million and net income between $3.1 million and $3.7 million.
Shares of ECMOHO fell by 46% the next day.
What You Can Do
If you purchased ECMOHO securities, and you wish to discuss this investigation, please contact attorney Jonathan Zimmerman at (888) 398-9312, or at (email protected), or visit the ECMOHO investigation page on our website at https://scott-scott.com/investigation/ecmoho-limited/.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.
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