NEW YORK, July 21, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased China XD Plastics Company Ltd. ("China XD Plastics" or the "Company") (Nasdaq:CXDC) common stock between August 12, 2009 and July 10, 2014. The complaint alleges that China XD Plastics overstated its revenue and net income in its quarterly and annual reports issued to U.S. investors.
For more information, click here: http://zlk.9nl.com/china-xd-plastics-cxdc.
On July 10, 2014 a report released by Bleecker Street Research alleged that China XD Plastics' revenue and net income for fiscal years 2010, 2011, and 2012 claimed in its Chinese regulatory filings are materially smaller than its fillings with the Securities and Exchange Commission.
If you suffered a loss in China XD Plastics you have until September 15, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/china-xd-plastics-cxdc.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP