Howard G. Smith Law Firm Files Class Action Lawsuit Against Mecox Lane LimitedBy Avik, Gaea News Network
Wednesday, December 22, 2010
BENSALEM, Pa. (GaeaTimes.com) — Howard G. Smith Law Offices has reportedly filed a class action lawsuit on behalf of all persons or entities who purchased the common stock of Mecox Lane Limited (”Mecox” or the “Company”) (NASDAQ:MCOX) pursuant to the Registration Statement and Prospectus issued in connection with the Company’s October 26, 2010, Initial Public Offering. The class action lawsuit was filed in the United States District Court for the Southern District of New York.
Mecox engages in the design and sale of apparel, accessories, home, and healthcare products through its online platform and stores. The Complaint alleges that the Company and certain of its executive officers and/or directors, among others, violated federal securities laws by issuing material misrepresentations in the Registration Statement and Prospectus concerning the Company’s business and prospects, thereby artificially inflating the price of Mecox securities.
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. If you purchased Mecox common stock pursuant to the Company’s October 26, 2010 Initial Public Offering, you have certain rights, and have until February 1, 2011, to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at (888)638-4847, by email to email@example.com or visit our website at www.howardsmithlaw.com.