Weiss & Lurie Announces Class Action Suit Against China Security & Surveillance Technology, Inc.

Weiss & Lurie commenced a class action lawsuit on July 21, 2011, in the U.S. District Court for the District of Delaware on behalf of all persons who hold shares of China Security & Surveillance Technology, Inc. (NYSE: CSR) against CSR and its board of directors for violations of sections 14(a) and 20(a) of the Securities and Exchange Act of 1934 in connection with the proposed acquisition of CSR by Rightmark Holdings Limited, a wholly owned subsidiary of Guoshen Tu, CSR’s Chairman and CEO for $6.50 per CSR share (the “Proposed Acquisition”).

The complaint alleges that, in an attempt to secure shareholder approval of the Proposed Acquisition, defendants filed a materially misleading Preliminary Proxy Statement, which omitted and/or misrepresented information that CSR shareholders would find material in making an informed decision as to whether or not to vote in favor of the Proposed Acquisition. The complaint further alleges that certain of the defendants breached, or aided and abetted the other defendants' breaches of their fiduciary duties.

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from August 1, 2011. If you wish to discuss this action or have any questions concerning this notice, please contact Richard Acocelli or Joshua Rubin of Weiss & Lurie at 888-593-4771, via our website or by e-mail at [e-mail]. Any member of the Class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing, consumer fraud, or anti-trust violations, please email us at [e-mail] or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.

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