NEW YORK, Feb. 1, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm reminds investors of the important March 1, 2013 lead plaintiff deadline in the class action lawsuit filed by the firm on behalf of all persons who purchased the stock of Silvercorp Metals, Inc. (NYSE:SVM) during the period from June 24, 2010 through September 13, 2011. The lawsuit alleges that Silvercorp and certain of its management violated the federal securities laws by issuing false and misleading financial information.
To join the Silvercorp class action, visit the firm's website at http://www.rosenlegal.com, or call Jonathan Horne or Laurence Rosen toll-free, at 866-767-3653; you may also email firstname.lastname@example.org or email@example.com for information on the class action.
The complaint charges that Silvercorp overstated the level of silver production at its mines, as well as the quality and quantity of its ore reserves.
On September 13, 2011, analyst firm Alfred Little issued a report claiming that Silvercorp had inflated the size of its revenue, earnings, assets, and operations in its reports filed with the SEC. This adverse disclosure caused Silvercorp's share price to drop, damaging investors.
If you wish to serve as lead plaintiff, you must make a request to the Court no later than March 1, 2013.
If you wish to join the Class Action, or discuss your rights and interests in Silvercorp stock, please visit the firm's website at http://www.rosenlegal.com to join the class action. You may also contact Laurence Rosen or Jonathan Horne of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.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: Jonathan Horne, Esq. Laurence Rosen, Esq. The Rosen Law Firm P.A. 275 Madison Avenue 34th Floor New York, New York 10016 Tel: (212) 686-1060 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 firstname.lastname@example.org email@example.com firstname.lastname@example.org email@example.com www.rosenlegal.comSource: The Rosen Law Firm PA PC