Case Summary

Golden Heaven

NASDAQ: GDHG

Case Details

  • Parks v. Golden Heaven Group Holdings Ltd. et al.
  • Class Period:April 13, 2023 - November 13, 2023
  • Date Filed:December 19, 2023
  • Jurisdiction:U.S. District Court, Central District of California
  • Docket Number: 2:23-cv-10619
  • Lead Plaintiff Deadline: February 20, 2024
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Overview

A class action lawsuit has been filed against Golden Heaven Group Holdings Ltd. (“Golden Heaven” or the “Company”) (NASDAQ: GDHG) and certain of the Company’s current and former senior executive officers alleging violations of the Securities Exchange Act of 1934. The lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Golden Heaven securities between April 13, 2023, and November 13, 2023, both dates inclusive (the “Class Period”) and investors have until February 20, 2024, to seek appointment as lead plaintiff of the Golden Heaven class action lawsuit.

Golden Heaven has stated that it manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities. [. . .] The parks provide a wide range of exciting and entertaining experiences, including thrilling rides, family-friendly attractions, gourmet festivals, circus performances, and high-tech facilities.

The lawsuit alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Golden Heaven’s amusement parks are in generally poor condition; (2) Golden Heaven materially overstated the number of visitors to its amusement parks and overall growth prospects, and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

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If you purchased or otherwise acquired publicly Golden Heaven (NASDAQ: GDHG) securities between April 13, 2023, and November 13, 2023, both dates inclusive, and suffered substantial losses, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Golden Heaven lawsuit is February 20, 2024.

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