NEW YORK, Nov. 21, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm announces that a securities class action has been filed on behalf of all persons who purchased SinoHub, Inc. (NYSE:SIHI) from May 17, 2010 through August 21, 2012.
To join the SinoHub 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 firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
The Complaint asserts violations of the federal securities laws against SinoHub and certain of its officers and directors for issuing materially false financial information. In addition, SinoHub allegedly concealed that its internal controls over financial reporting were ineffective. SinoHub's auditors resigned citing potentially inaccurate financial data, as did several members of its board of directors. When this adverse information was disclosed, the value of SinoHub stock dropped, substantially damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than January 21, 2012. 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 email@example.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.
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CONTACT: Laurence Rosen, Esq. Phillip Kim, Esq. Jonathan Horne, Esq. The Rosen Law Firm P.A. 275 Madison Avenue 34th Floor New York, New York 10016 Tel: (212) 686-1060 Weekends Tel: (917) 562-8616 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 firstname.lastname@example.org email@example.com firstname.lastname@example.org www.rosenlegal.comSource: The Rosen Law Firm PA PC