We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
China Agritech, Inc. (MM) | NASDAQ:CAGC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.88 | 0 | 01:00:00 |
First, the Court upheld the complaint against the defendants' motions to dismiss in the Action. The Court held that the plaintiffs' complaint successfully alleged that China Agritech had committed securities fraud by overstating its revenues for 2008 and 2009 by 1,444% and 900%, respectively. The Court also held that the complaint successfully alleged that China Agritech had committed securities fraud by failing to disclose that its largest supplier was a related party, as it was 90% owned by China Agritech's CEO. Third, the Court held that the complaint adequately alleged China Agritech's motive to inflate revenue to benefit from his ownership of this related party.
Second, the Court denied the plaintiffs' motion for class certification. As a result, your rights as a shareholder are no longer protected. You must act yourself to protect your rights. You may protect your rights by joining in the current Action as a plaintiff or by filing your own action against China Agritech. Also because the Court denied the motion for class certification, the statute of limitations is running on any claims you have against China Agritech and its officers and directors.
If you purchased China Agritech stock or options and you wish to join the Action and protect your rights, or if you have any questions regarding your rights or interests with respect to China Agritech stock, please contact Jonathan Horne, Esquire, of The Rosen Law Firm, P.A., by telephone at (212) 686-1060 or Toll Free at (866) 767-3653 or by email at jhorne@rosenlegal.com. For more information about The Rosen Law Firm, P.A., please visit our website at www.rosenlegal.com
Attorney Advertising. Prior results do not guarantee a similar outcome.
CONTACT: Laurence Rosen, Esq. Jonathan Horne, Esq. The Rosen Law Firm P.A. 275 Madison Avenue, 34th Floor New York, New York 10016 Tel: (212) 686-1060 Weekends Tel: (917) 797-4425 Toll Free: 1-866--767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com jhorne@rosenlegal.com www.rosenlegal.com
1 Year China Agritech, Inc. (MM) Chart |
1 Month China Agritech, Inc. (MM) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions