China Energy Savings (NASDAQ:CESV)
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From Jun 2019 to Jun 2024
Notice is hereby given that a lawsuit has been filed in
the U.S. District Court for the Southern District of New York by the
law firm of Kantrowitz, Goldhamer & Graifman, P.C. of Chestnut Ridge,
New York on behalf of the plaintiff and a proposed class of purchasers
of securities of CHINA ENERGY SERVICES TECHNOLOGY, INC. (NASDAQ: CESV)
("China Energy" or "Company") against China Energy and certain
officers and directors for the class period April 21, 2005 through
February 15, 2006 ("Class Period").
The complaint alleges that China Energy and certain officers and
directors violated Sections 10(b) and 20(a) of the Securities Exchange
Act of 1934 and Rule 10b-5 promulgated thereunder, by making false and
misleading statements and omissions concerning the company's
management activities, sale of restricted stock and other insider
sales which violated the federal securities laws. As a result of these
alleged violations, the price of securities of China Energy was
artificially inflated during the Class Period. The complaint alleges
that the Company failed to disclose that the Company and individual
officers and directors allowed Company insiders to self-deal in the
Company's January 2006 private placement; that the Company failed to
comply with the SEC and NASDAQ rules and regulations regarding
limitations on sales of restricted stock; that the failure to comply
with such rules and regulations would result in trading of the
Company's stock being halted by the NASDAQ; and that trading of China
Energy stock was, indeed, halted by the NASDAQ as of February 15,
2006.
Plaintiff seeks to recover damages on his own behalf and on behalf
of the Class and is represented by the law firm of Kantrowitz,
Goldhamer & Graifman, P.C. The firm has significant experience
successfully prosecuting complex securities fraud class actions on
behalf of defrauded investors.
If you were a purchaser of China Energy securities during the
Class Period, you may, not later than sixty (60) days from May 1, 2006
move the court to serve as lead plaintiff, if you so choose. In order
to serve as lead plaintiff, however, you must meet certain legal
requirements. You can see more information concerning this lawsuit on
Kantrowitz, Goldhamer & Graifman's website: www.kgglaw.com.
If you wish to discuss this action or have any questions
concerning this notice or your rights or interests with respect to
this matter, please contact: Gary S. Graifman at Kantrowitz, Goldhamer
& Graifman, P.C. toll-free at 800/660-7843 or via Internet e-mail at
ggraifman@kgglaw.com or by writing, Kantrowitz, Goldhamer & Graifman,
747 Chestnut Ridge Road, Chestnut Ridge, New York 10977.