The Rosen Law Firm Representing China Intelligent Lighting and Electronics, Inc. Shareholders Reminds Investors of Important May
April 15 2011 - 6:29PM
The Rosen Law Firm, P.A. reminds investors of the important May 31,
2011 lead plaintiff deadline in the securities action filed by the
firm. If you purchased the securities of China Intelligent Lighting
and Electronics, Inc. (AMEX:CIL) during the period from June 18,
2010 through March 29, 2011, you should contact the Rosen Law Firm
for more information about the importance of serving as lead
plaintiff. The lawsuit is seeking to recover damages for
investors from violations of federal securities laws.
To join the China Intelligent class action, visit the firm's
website at http://rosenlegal.com, or call Laurence Rosen, Esq. or
Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email
lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the
class action.
The Complaint asserts violations of the federal securities laws
against China Intelligent, its officers and directors, and
underwriters for issuing materially false and misleading
information in the Company's public offering documents. On
March 29, 2011 the Company issued an announcement revealing that
its auditor MaloneBailey LLP ("MB") had resigned and that MB had
withdrawn its prior audit opinion of the Company's financial
statements. MB said it "believed that the accounting records
of the Company have been falsified, which constitutes an illegal
act." MB also found that the accounting discrepancies could
indicate a material error in previously issued financial
statements. MB also stated that it could no longer rely on
management's representations. The Company also disclosed that
it is the subject of a formal SEC investigation.
Since March 24, 2011 trading in the Company's stock has been
halted, rendering the Company's stock illiquid and damaging
investors.
If you wish to serve as lead plaintiff, you must move the Court
no later than May 31, 2011. 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 Laurence Rosen, Esq. or Phillip Kim, Esq. of The
Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at
lrosen@rosenlegal.com or pkim@rosenlegal.com. You may also
visit the firm's website at http://rosenlegal.com.
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 Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a
similar outcome.
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue, 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Weekends Tel: (917) 797-4425
Toll Free: 1-866--767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
www.rosenlegal.com
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