Chinese Coal Company Failed To Disclose Asset Impairment, Investor Says

(May 12, 2017, 1:11 PM EDT) -- NEWARK, N.J. — A Chinese vertically integrated coal and coke producer and two of its executive officers issued a series of misstatements and omissions in Securities and Exchange Commission filings concealing the company’s true business and financial condition in violation of federal securities laws, a shareholder argues in a May 8 securities class action complaint filed in New Jersey federal court (Jarrod Nasin v. Hongli Clean Energy Technologies Corp., et al., No. 17-3244, D. N.J.)....

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