Fraud Allegations By Company’s Auditor Prompts Long-Term Shareholder Claim Investigation of NIVS IntelliMedia Technology Gr...
April 18 2011 - 10:00AM
Business Wire
Goldfarb Branham LLP is investigating allegations that the Board
of Directors of NIVS IntelliMedia Technology Group (AMEX: NIV)
violated shareholder protection laws. Concerned NIVS stockholders
are encouraged to contact attorney Hamilton Lindley at 877-583-2855
or hlindley@goldfarbbranham.com about their rights and
remedies.
“When the company’s auditor, MaloneBailey LLP, resigned it
stated that it ‘suspected accounting irregularities and fraud at
NIVS,’” securities lawyer Hamilton Lindley said. “As a result, the
company’s financial statements for the year ended December 2009 and
interim periods for the first three quarters of 2010 should not be
relied upon. Our proposed NIVS investor lawsuit seeks to ensure
that the company is managed in a manner that is beneficial to all
the stockholders and that the company’s investors are made
whole.”
Goldfarb Branham LLP lawyers have significant experience
representing shareholders and whistleblowers in securities lawsuits
nationwide. NIVS IntelliMedia investors - or anyone with knowledge
about this situation - should contact lawyer Hamilton Lindley at
hlindley@goldfarbbranham.com or 877-583-2855.
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