The Rosen Law Firm Announces Class Action Lawsuit Against Yuhe International, Inc.
25 6월 2011 - 9:31AM
Business Wire
The Rosen Law Firm, P.A. today announced that it has filed a
class action lawsuit on behalf of investors who purchased the
securities of Yuhe International, Inc. (NASDAQ: YUII) during the
period from December 31, 2009 through June 23, 2011, inclusive, and
is seeking to recover investors’ damages from violations of federal
securities laws.
To join the Yuhe class action, visit the Rosen Law Firm’s
website at http://www.rosenlegal.com, or call Phillip Kim, Esq.,
toll-free, at 866-767-3653; you may also email or
pkim@rosenlegal.com for information on the class action,
如果您講中文，請致電張律師212-686-1060，或電郵 szhang@rosenlegal.com,
獲取該集體訴訟案�的具體信息. The case filed by the Rosen Law Firm is pending the
U.S. District Court for the Southern District of Florida.
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 Complaint asserts violations of the federal securities laws
against Yuhe and its officers and directors for issuing false and
misleading information to investors about the financial and
business condition of the Company. The Complaint alleges that (a)
Yongye’s financial results as reported to the SEC for the fiscal
years ended 2009 and 2010 were materially false and misleading; (b)
Yuhe lied to investors about its purported acquisition of 13
breeder farms from Weifangshi Dajiang Qiye Group Co. Ltd.
(“Dajiang”); and (c) Yuhe’s business was not growing at the rate
represented by defendants.
The Complaint alleges that on or about June 16, 2011 information
from an analyst entered the market, quoting Dajiang’s chairman,
that Yuhe did not acquire Dajiang’s farms, as Yuhe had represented
in its SEC filings and other public statements. This announcement
shocked the market and Yuhe’s stock lost more than half of its
value. On June 17, 2011, trading in the Company’s stock was halted.
On June 23, 2011, the Company announced its auditor had resigned
because of Yuhe “management’s misrepresentation and failure to
disclose material facts surrounding certain acquisition
transactions and off balance sheet related party transactions.”
Moreover, the auditor stated that its audited financial statements
of Yuhe International, Inc. for the year ended December 31, 2010
should no longer be relied upon and that the auditor no longer will
be associated with the financial statements.
If you wish to serve as lead plaintiff, you must move the Court
no later than August 23, 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
Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at
866-767-3653, or via e-mail at 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.
Yuhe (CE) (USOTC:YUII)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
Yuhe (CE) (USOTC:YUII)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024
