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The Rosen Law Firm Announces Investigation
Law Firm News |
2010/09/03 23:18
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pThe Rosen Law Firm today announced that it has commenced an investigation into allegations that China-Biotics, Inc. (China-Biotics or the Company) may have violated the federal securities laws by issuing false and misleading statements to investors about its business and financial condition. /ppRecently, market commentators have published reports questioning the truth of China-Biotics' disclosures about the nature, quality, and number of the Company's retail outlets. Additionally, a recent report calls into question the veracity of China Biotics' financial statements filed with the SEC for the fiscal years ended 2007 and 2008; China Biotics' financial statements filed with the SEC report much higher revenue, income, and assets than the financial statements filed by China Biotics' main operating subsidiary Shanghai Shining Biotechnology Co., Ltd. with the China State Administration for Industry and Commerce. /ppAs a result of these allegations, the Rosen Law Firm is preparing a class action lawsuit on behalf of investors who suffered losses purchasing China-Biotics stock. /ppYou may access the website at a href=http://www.rosenlegal.comhttp://www.rosenlegal.com/a to participate in the proposed class action. /ppIf you purchased China-Biotics securities and would like further information concerning your legal rights or your ability to recover your investment losses, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email a href=mailto:lrosen@rosenlegal.comlrosen@rosenlegal.com/a or a href=mailto:pkim@rosenlegal.compkim@rosenlegal.com/a or visit the website at a href=http://www.rosenlegal.comwww.rosenlegal.com/a
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Law firm launches regulation update service
Law Firm News |
2010/08/06 23:21
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| pLaw firm CMS Cameron McKenna has launched a free online service to help financial services firms keep pace with regulatory developments./ppRegZone is accessed without password registration and is divided according to topic and sector./ppCharts and diagrams give an overview of regulatory change, while articles and reports give more in-depth analysis./ppThe service also covers publications and speeches from over 30 regulatory organisations, include an enforcement library of decisions by the FSA and the Financial Services and Markets Tribunal./ppIt also offers a timeline to track key dates for regulatory developments, with relevant implementation dates, announcements and consultation periods which are colour coded according to whether proposals are international, European or in the UK./p |
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