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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Yuhe International Inc (CE) | USOTC:YUII | OTCMarkets | 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% | 0.0001 | 0.00 | 01:00:00 |
For more information, click here: http://www.zlk.com/yuhe-international-yuii.
The complaint alleges that during the Class Period, Yuhe, a supplier of day-old chickens, violated federal securities laws by issuing false and misleading statements regarding (a) the purported acquisition of 13 breeder farms and (b) the financial results for the fiscal years ended 2009 and 2010.
In a June 17, 2011 letter to the Yuhe Audit Committee, the Company's independent auditor resigned, citing "management's misrepresentation and failure to disclose material facts surrounding certain acquisition transactions and off balance sheet related party transactions." Furthermore, the auditor indicated that Yuhe's financial statements for the year ending December 31, 2010 should no longer be relied upon. Following this letter, NASDAQ suspended trading of the Company's stock.
If you are a member of the class and suffered a loss in Yuhe stock, you have until August 23, 2011 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff. To obtain additional information about your rights, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://www.zlk.com/.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
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