Berman DeValerio Announces Securities Class Action Against Yuhe International, Inc.

The law firm of Berman DeValerio filed a securities class action lawsuit today against Yuhe International, Inc. (NASDAQ:YUII) (“Yuhe”or the “Company”).

The lawsuit alleges violations of United States securities laws on behalf of purchasers of common stock from December 31, 2009 through and including June 17, 2011 (the “Class Period”) and purchasers in Yuhe’s public offering, commencing on October 20, 2010 (the “October Offering”).

Berman DeValerio (www.bermandevalerio.com) brought the complaint against the Company, certain of its directors and officers, its auditor and the underwriters of the October Offering (the “Defendants”) in the United States District Court for the Southern District of New York. The case is filed as Singh v. Yuhe International, Inc., et al.,11-cv-4526 (S.D.N.Y).

Pursuant to the Private Securities Litigation Reform Act of 1995, investors wishing to serve as the lead plaintiff are required to file a motion for appointment with the court no later than August 23, 2011.

The claims arise under Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 (the “Securities Act”) for purchasers in the October Offering; and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission (“SEC”) for Class Period Purchasers.

The Complaint alleges that throughout the Class Period, Yuhe, a supplier of day-old chickens, and the other Defendants made material false statements concerning Yuhe’s purported acquisition of 13 chicken farms as well as false statements concerning Yuhe’s financial results. Between June 13, 2011 and June 17, 2011, a series of analysts and then Yuhe itself revealed that Yuhe did not acquire the chicken farms as it had stated. As a result of these disclosures, Yuhe’s stock price dropped from $4.23 per share on June 10, 2011 to $1.21 per share on June 17, 2011, when the NASDAQ suspended trading in Yuhe stock after Yuhe’s auditor, Child VanWagoner & Bradshaw, withdrew its audit report for the year ending December 31, 2010.

To receive a copy of the complaint, please call Berman DeValerio at (800) 516-9926 or click here.

If you are a member of the class, you may, no later than August 23, 2011, request that the court appoint you as lead plaintiff for the class. In addition, you may contact the attorneys at Berman DeValerio to discuss your rights and interests in the case. Please note: you may also retain counsel of your choice and need not take any action at this time to be a class member.

Berman DeValerio is a national law firm representing plaintiffs in lawsuits against corporate wrongdoers, chiefly for violations of securities and antitrust laws. The firm has 37 lawyers in Boston, San Francisco and Palm Beach Gardens, Florida.

Yuhe (CE) (USOTC:YUII)
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