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Tue, April 19, 2011Mon, April 18, 2011Sun, April 17, 2011Fri, April 15, 2011Thu, April 14, 2011Wed, April 13, 2011Tue, 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, 2011The Rosen Law Firm Representing Shareholders in Class Action Lawsuit Charging China Intelligent Lighting and Electronics, Inc.
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Published in House and Home on Friday, April 1st 2011 at 21:00 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
NEW YORK, NY--(Marketwire - April 1, 2011) - 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 China Intelligent Lighting and Electronics, Inc. (
To join the China Intelligent class action, visit the firm's website at [ http://rosenlegal.com ], or call Laurence Rosen, Esq. or Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email [ lrosen@rosenlegal.com ] or [ pkim@rosenlegal.com ] for information on the class action. The case filed by the Rosen Law Firm is pending in the U.S. District Court for the Central District of California.
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 China Intelligent, its officers and directors, and underwriters for issuing materially false and misleading information in the Company's public offering documents. On March 29, 2011 the Company issued an announcement revealing that its auditor MaloneBailey LLP ("MB") had resigned and that MB had withdrawn its prior audit opinion of the Company's financial statements. MB said it "believed that the accounting records of the Company have been falsified, which constitutes an illegal act." MB also found that the accounting discrepancies could indicate a material error in previously issued financial statements. MB also stated that it could no longer rely on management's representations. The Company also disclosed that it is the subject of a formal SEC investigation.
Since March 24, 2011 trading in the Company's stock has been halted, rendering the Company's stock illiquid and damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than May 31, 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 [ lrosen@rosenlegal.com ] or [ pkim@rosenlegal.com ]. You may also visit the firm's website at [ http://rosenlegal.com ].
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
