Roy Jacobs & Associates Investigating RINO International Corporation for Possible Securities Law Violations (“RINO”)
November 15 2010 - 12:40PM
Business Wire
Roy Jacobs & Associates announces that it is investigating
possible claims for the violation of the federal securities laws on
behalf of purchasers of the common stock of RINO International
Corporation (“RINO” or the “Company”) (NASDAQ: RINO). RINO, through
its subsidiaries, operates as an environmental protection and
remediation company in the People's Republic of China.
For further information, please contact Roy L. Jacobs, Esq.
toll-free at 1-888-884-4490 or by e-mail to
rjacobs@jacobsclasslaw.com.
The investigation focuses on allegations that certain statements
issued by the Company regarding RINO’s business, operations and
prospects were false and misleading. Specifically, the
investigation pertains to a November 10, 2010, research report
questioning the Company’s customer business relationships,
financial results and the accuracy of its financial reporting.
Further, today it was announced that earnings for the third quarter
will be less than have of the earnings for the same period last
year, and quarterly revenue fell 17% from the same period last
year. The Company has also reduced its revenue outlook for the
year. Since October 27, 2010, RINO shares have declined
approximately 57% in value.
If you purchased RINO shares and you are interested in
discussing your rights free of charge, please contact Roy L.
Jacobs. Mr. Jacobs will be glad to personally speak with you.
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