Rosen Law Firm Reminds Investors of Important Deadline in the Securities Class Action Filed Against RINO International -- RINO
03 Dezembro 2010 - 11:15PM
The Rosen Law Firm, P.A. reminds investors of the January 14, 2011
lead plaintiff deadline in the class action the firm filed on
behalf of investors who purchased the common stock of RINO
International Corporation ("RINO" or the "Company") (Nasdaq:RINO)
during the period from March 31, 2009 to November 11, 2010,
inclusive (the "Class Period"). The lawsuit is seeking to recover
damages for investors from violations of federal securities
laws.
To join the RINO 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 Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934 against RINO and certain of its
officers and directors for misrepresenting the Company's true
financial performance. The Complaint alleges that contrary to
the Company's annual report filed with the SEC for fiscal 2009
which reported $193 million of revenue, the Company's annual report
filed with the Chinese authorities reported only $11 million of
revenue for 2009. This discrepancy, along with other
accounting inconsistencies, and questionable transactions between
RINO and its management, has raised red flags and prompted an
internal review. The Complaint asserts that when the market
learned of this adverse information, the price of RINO stock
dropped damaging investors.
If you wish to serve as lead plaintiff, you must move the Court
no later than January 14, 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.
No class has yet been certified in the above action. Until
a class is certified, you are not represented by counsel unless you
retain one. You may choose to do nothing at this point and
remain an absent class member.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
CONTACT: The Rosen Law Firm P.A.
Laurence Rosen, Esq.
lrosen@rosenlegal.com
Phillip Kim, Esq.
pkim@rosenlegal.com
(212) 686-1060
Weekends Tel: (917) 797-4425
Toll Free: 1-866--767-3653
Fax: (212) 202-3827
www.rosenlegal.com
275 Madison Avenue, 34th Floor
New York, New York 10016
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