BENSALEM, Pa.–(BUSINESS WIRE)–Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased China Liberal Education Holdings Limited (“CLEU” or the “Company”) (OTC: CLEUF) securities between January 22, 2025 and January 30, 2025, inclusive (the “Class Period”). CLEU investors have until March 31, 2026 to file a lead plaintiff motion.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN CHINA LIBERAL EDUCATION HOLDINGS LIMITED (CLEUF), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On January 29, 2025, CLEU filed a Change in Shares Outstanding form with NASDAQ, reporting 240,000,000 previously undisclosed Exchanged Shares. This caused CLEU’s stock price to plunge from a closing price of $7.75 the previous day to $0.148 per share, a 98.1% loss.
Investors soon learned that certain financial advisors in WhatsApp groups were, in reality, criminal scammers, and that the information they had been provided regarding the Company was false, misleading, and unreliable.
In June 2025, CLEU was delisted by NASDAQ.
What Is The Lawsuit About?
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 Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) CLEU shares were subject to a pump-and-dump scam; (2) the December 2024 Issuance and the Warrant Exchange Agreement were non-bona fide transactions designed to put CLEU shares in the hands of the Cedric Indictees and their co-conspirators for use in that scam; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you purchased CLEU securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: [email protected]
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
[email protected]
www.howardsmithlaw.com
