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The Briscoe Law Firm Investigates NIVS IntelliMedia Technology Group, Inc. on Behalf of Shareholders for Possible Breaches of F

^{Published on 2011-04-06 11:30:26 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the officers and Board of Directors of NIVS IntelliMedia Technology Group, Inc. (aNIVS IntelliMediaa) (NYSE: NIV) during the period of March 24, 2010 through March 25, 2011 (the aClass Perioda).

It has been alleged in a recently-filed complaint that during the Class Period, NIVS IntelliMedia and certain of its officers and directors made materially false and misleading statements or failed to disclose material information related to the company's business and operations in violation of the Securities Exchange Act of 1934. Specifically, it has been alleged that the defendants failed to disclose: (1) that NIVS IntelliMedia had inaccurately recorded certain transactions; (2) that there were discrepancies in the company's accounts receivables; (3) that NIVS IntelliMedia was engaged in improper acts involving the company's accounting records and bank statements; (4) that, as a result, NIVS IntelliMediaa™s financial results were not prepared in accordance with Generally Accepted Accounting Principles; and (5) that the company lacked adequate internal controls. It is additionally claimed that, as a result of the foregoing, NIVS IntelliMediaa™s financial results were false and misleading at all relevant times.

If you currently own or purchased NIVS IntelliMedia/NIV shares and would like additional information regarding this investigation or if you have information regarding the allegations against the company, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.