Rosen Law Firm Representing Puda Coal, Inc. Shareholders Reminds Investors of Important June 13, 2011 Lead Plaintiff Deadline in
01 Junho 2011 - 8:58PM
The Rosen Law Firm, P.A. reminds investors of the important June
13, 2011 lead plaintiff deadline in the securities class action
filed by the firm on behalf of purchasers of Puda Coal, Inc. stock
(AMEX:PUDA) during the period from November 13, 2009 to April 8,
2011, inclusive (the "Class Period").
To join the Puda Coal class action, visit the firm's website at
http://www.rosenlegal.com, or call Laurence Rosen, Esq. or Phillip
Kim, Esq., toll-free, at 866-767-3653; you may also email
lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the
class action.
The Complaint asserts violations of the Securities Exchange Act
against Puda Coal and its officers and directors for
misrepresenting the Company's ownership interest of the Company's
operating subsidiary Shanxi Puda Coal Group Co. Ltd ("Shanxi
Coal"), and related unauthorized transactions involving Shanxi Coal
and Puda Coal's Chairman Ming Zhao. According to the
Complaint, on April 8, 2011 a stock market analyst, issued a report
claiming that Ming Zhao had secretly engaged in related party
transactions in order to "steal" half of Puda Coal's ownership
interest in Shanxi Coal and pledged the other half of the Company's
ownership of Shanxi Coal to Chinese private equity investors (the
"Report").
In reaction to the adverse information in the Report, the price
of Puda Coal stock fell 34% on April 8, 2011. On April 11,
2011 (the following trading day), trading in Puda Coal's stock was
halted before market open. Later that day, Puda Coal issued an
announcement admitting that "evidence supports the allegations that
there were transfers by Mr. Zhao in subsidiary ownership that were
inconsistent with the disclosure made by the Company in its public
securities filings." As a result of this adverse information
the Complaint alleges that investors have been damaged.
If you wish to serve as lead plaintiff, you must move the Court
no later than June 13, 2011. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, or to discuss
your rights or interests regarding this class action, please
contact Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law
Firm, toll-free, at 866-767-3653, or via e-mail at
lrosen@rosenlegal.com or pkim@rosenlegal.com. You may also
visit the firm's website at http://www.rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a
similar outcome.
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue, 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Weekends Tel: (917) 797-4425
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
www.rosenlegal.com
Puda Coal (CE) (USOTC:PUDA)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Puda Coal (CE) (USOTC:PUDA)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024