NEW YORK, Dec. 26, 2013 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons who purchased securities of Tri-Tech Holding Inc. ("Tri-Tech" or the "Company") (Nasdaq:TRIT) between March 26, 2012 and December 12, 2013.
The Complaint alleges that Tri-Tech made false and misleading statements and/or failed to disclose that the Company lacked adequate disclosure and internal controls relating to Tri-Tech's control over its funds. On December 12, 2013, Tri-Tech disclosed for the first time that its former CEO was in fact terminated due to his violations of the Company's internal policies and procedures regarding wire transfers. On this news, shares of Tri-Tech fell $0.17 per share or by approximately 11%, and caused the NASDAQ to halt all trading in Tri-Tech's stock—damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than February 18, 2014. 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 Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at email@example.com or firstname.lastname@example.org.
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Source:Gainey McKenna& Egleston