House & Home
Tue, April 12, 2011Mon, April 11, 2011Sat, April 9, 2011Fri, April 8, 2011Thu, April 7, 2011Wed, April 6, 2011Tue, April 5, 2011Mon, April 4, 2011Sat, April 2, 2011Fri, April 1, 2011Thu, March 31, 2011Wed, March 30, 2011Tue, March 29, 2011Mon, March 28, 2011Sun, March 27, 2011Fri, March 25, 2011Thu, March 24, 2011Wed, March 23, 2011Tue, March 22, 2011Mon, March 21, 2011Sat, March 19, 2011Fri, March 18, 2011Thu, March 17, 2011Wed, March 16, 2011Tue, March 15, 2011Mon, March 14, 2011Fri, March 11, 2011Thu, March 10, 2011Wed, March 9, 2011Tue, March 8, 2011The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Securities Laws Violations by NIVS IntelliMedia T
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Published in House and Home on Tuesday, March 29th 2011 at 11:25 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating NIVS IntelliMedia Technology Group, Inc. (aNIVS IntelliMediaa or the aCompanya) (NYSE: NIV) to determine whether it has violated federal securities laws by issuing false and misleading statements. On March 25, 2011, the Company filed an 8-K with the SEC, revealing that the Companya™s independent auditor, MaloneBailey LLP, resigned in connection with aissues and concernsa that they deemed required aadditional information and procedures, including the initiation of an independent investigation, in order to verify the accuracy of certain transactions and balances recorded on the Companya™s financial statements and recordsa for 2010. Furthermore, in its letter of resignation, MaloneBailey suggested that NIVS IntelliMedia had engaged in aillegal acts involving the Companya™s accounting records and bank statements.a Due to MaloneBaileya™s findings, the Board of Directors has determined that the Companya™s annual report for the year ended December 31, 2009 and interim periods for the first three quarters for 2010 should not be relied upon by investors.
"illegal acts involving the Companya™s accounting records and bank statements."
If you own NIVS IntelliMedia stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/nivs-intellimedia-technology-niv.html ].
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
