Bernstein Liebhard LLP Announces Filing of a Class Action against Gulf Resources, Inc.
2011年5月3日 - 4:46AM
ビジネスワイヤ（英語）
Bernstein Liebhard LLP today announced that a lawsuit has been
filed in the United States District Court for the Central District
of California on behalf of a class (the “Class”) of investors who
purchased Gulf Resources, Inc. (“Gulf Resources” or the “Company”)
(NASDAQ: GFRE) common stock between the period of March 16, 2009 to
April 26, 2011 (the “Class Period”). Plaintiffs allege violations
of the Securities and Exchange Act of 1934 against Gulf Resources
and certain individual defendants.
According to the complaint, the company engaged in undisclosed
related party transactions, and Chinese regulatory filings showed
that the Company was materially smaller than it claimed to be. The
complaint states that a report pointed to certain evidence
indicating that Gulf Resources does not hold title to its Chinese
operating subsidiaries, shareholders’ sole asset.
Plaintiffs seek to recover damages on behalf of all Class
members who purchased or otherwise acquired shares of Gulf
Resources during the Class Period. If you purchased or otherwise
acquired Gulf Resources shares during the Class Period, and either
lost money on the transaction or still hold the shares, you may
wish to join in this action to serve as lead plaintiff. In order to
do so, you must meet certain requirements set forth in the
applicable law and file appropriate papers no later than June 29,
2011.
A “lead plaintiff” is a representative party that acts on behalf
of other class members in directing the litigation. In order to be
appointed lead plaintiff, the court must determine that the class
member’s claim is typical of the claims of other class members, and
that the class member will adequately represent the class. Under
certain circumstances, one or more class members may together serve
as lead plaintiff. Your ability to share in any recovery is not,
however, affected by the decision whether or not to serve as a lead
plaintiff. You may retain Bernstein Liebhard LLP, or other counsel
of your choice, to serve as your counsel in this action.
If you are interested in discussing your rights as a Gulf
Resources shareholder and/or have information relating to the
matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or
seidman@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer
and shareholder rights cases and recovered almost $3 billion for
its clients. It has been named to The National Law Journal’s
“Plaintiffs’ Hot List” in each of the last eight years.
You can obtain a copy of the complaint from the clerk of the
court for the United States District Court for the Central District
of California.
Bernstein Liebhard LLP10 East 40th StreetNew York, New York
10016(877) 779-1414www.bernlieb.com
ATTORNEY ADVERTISING. © 2011 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414.
Prior results do not guarantee or predict a similar outcome with
respect to any future matter.
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