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CTE Sinotech (MM)

2.35
0.00 (0.00%)
18 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sinotech (MM) NASDAQ:CTE 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% 2.35 0 01:00:00

Rosen Law Firm Reminds Investors of Important Lead Plaintiff Deadline in SinoTech Energy Limited Class Action -- CTE

03/09/2011 11:57pm

GlobeNewswire Inc.


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The Rosen Law Firm, P.A. reminds investors of the important October 18, 2011 lead plaintiff deadline in the securities class action filed by the firm. If you purchased the securities of SinoTech Energy Limited ("SinoTech Energy") (Nasdaq:CTE) during the period from November 3, 2010 through and including August 16, 2011, you should contact the Rosen Law Firm for more information about the importance of serving as lead plaintiff.

To join the SinoTech Energy class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com for information on the class action.

The Complaint asserts violations of the federal securities laws against SinoTech Energy, its officers and directors, and underwriters for issuing materially inaccurate information about the Company's financial performance. On August 16, 2011, a report was issued by the Alfred Little website demonstrating that the Company's business was smaller than it had represented to investors in its SEC filings. Namely, that (a) SinoTech Energy's five largest subcontracting customers appear to be shell companies with unverifiable operations and minimal revenues; (b) SinoTech Energy's  sole chemical supplier appears to be an empty shell, with little or no revenues, a deserted office and no signs of production activity; (c) SinoTech's audited financial statements filed with Chinese authorities confirm the Company's negligible business operations; and (d) other facts showing that Company's business operations are smaller than it represents in SEC filings. Later on August 16, 2011, NASDAQ halted trading in the Company's stock, pending further information requested by the exchange. The Complaint alleges that as a result of these adverse disclosures, investors have been damaged. 

If you wish to serve as lead plaintiff, you must move the Court no later than October 18, 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 Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at 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.

Attorney Advertising. Prior results do not guarantee a similar outcome.

CONTACT: Laurence Rosen, Esq.
         Phillip Kim, 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
         pkim@rosenlegal.com
         www.rosenlegal.com

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