Brief: Nova Lifestyle Says Discloses Initiation Of Class Action Litigation Precipitated By Seeking Alpha Report Published On Dec. 21, 2018

XMax

02/01/2019 12:09

Jan 2 (Reuters) - Nova LifeStyle Inc  NVFY.O :
    * NOVA LIFESTYLE - RESPONDED TO A DOCUMENT PUBLISHED BY
SEEKING
ALPHA ON DECEMBER 21, 2018
    * NOVA LIFESTYLE SAYS DISCLOSES INITIATION OF CLASS ACTION
LITIGATION PRECIPITATED BY SEEKING ALPHA REPORT PUBLISHED ON DEC
21, 2018
    * NOVA LIFESTYLE - IN RESPONSE TO DEC 21 REPORT, ENGAGED
CO'S
AUDITOR TO PERFORM SPECIAL PROCEDURES TO CONFIRM REPORTED SALES
    * NOVA LIFESTYLE - AUDIT COMMITTEE EXPECTS PROCESS TO
CONFIRM
REPORTED SALES WILL TAKE ABOUT TWO MONTHS
    * NOVA LIFESTYLE, IN RESPONSE TO A DOCUMENT PUBLISHED BY
SEEKING
ALPHA ON DECEMBER 21, 2018, SAYS THE AUDIT COMMITTEE HAS ENGAGED
INDEPENDENT COUNSEL
    * NOVA LIFESTYLE SAYS MANAGEMENT BELIEVES THAT CONCLUSIONS
SET
FORTH IN THE SEEKING ALPHA'S DEC 21 REPORT "ARE BASELESS"

Source text for Eikon:  ID:nGNX5PlDGS 
Further company coverage:  NVFY.O 

 ((Reuters.Briefs@thomsonreuters.com;))