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Kendall Law Group Investigates Orient Paper Inc. for Shareholders

  //house-home.news-articles.net/content/2010/08/1 .. estigates-orient-paper-inc-for-shareholders.html
  Published in House and Home on Wednesday, August 11th 2010 at 11:05 GMT by Market Wire
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DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by a former federal judge Joe Kendall with attorneys that include a former U.S. Attorney, is investigating Orient Paper Inc. (AMEX: ONP) for shareholders. The national securities firma™s investigation concerns potential breaches of fiduciary duties by the board of directors and other company executives due to the issuance of potentially materially false and misleading statements and the alleged failure to disclose adverse facts known to them regarding the company's business and financial results. Orient Paper shareholders should contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On July 16, 2010, Orient Paper announced that it had retained legal counsel and an audit firm to conduct an independent investigation into issues raised by a third party firm. The third party firm, Muddy Waters, questioned the veracity of the companya™s Form 10-K filed on March 27, 2009, in which Orient Paper claimed to have generated over $65 million in net revenue during fiscal year 2008, and claimed to hold over $52 million in assets at year's end. Shortly after the Muddy Water report became public, Orient Paper stock experience a one-day decline of approximately 13%.

Kendall Law Group has the credentials and experience to pursue any type of complex securities litigation. The firm helps shareholders exercise their power to protect their investments when companies break the law. If you are an Orient Paper shareholder, you are encouraged to contact the Kendall Law Group to learn more about your rights.