Rosen Law Firm Reminds RINO Investors of Securities Class Action Deadline On January 14, 2011By Avik, Gaea News Network
Wednesday, December 22, 2010
NEW YORK (GaeaTimes.com) — The Rosen Law Firm, P.A. reminds RINO investors of the January 14, 2011 lead plaintiff deadline in the securities class action. If you purchased the common stock of RINO International Corporation (”RINO” or the “Company”) (OTC: RINO- News) during the period from May 15, 2008 to November 19, 2010, inclusive (the “Class Period”) you should contact the Rosen Law Firm for more information about the importance of serving as a lead plaintiff. 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 email@example.com or firstname.lastname@example.org 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 email@example.com or firstname.lastname@example.org. 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.