Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses
In Excess Of $100,000 Investing In Longwei Petroleum Investment
Holding Limited To Contact The Firm
NEW YORK, Jan. 11, 2013 /PRNewswire/ -- Faruqi &
Faruqi, LLP, a leading national securities law firm, is
investigating potential securities fraud at Longwei Petroleum
Investment Holding Limited ("Longwei" or the "Company") (NYSE-MKT:
LPH).
(Logo: http://photos.prnewswire.com/prnh/20120119/MM38856LOGO
)
The investigation focuses on whether the Company and its
executives violated federal securities laws by failing to disclose
that: (1) a material related party investment in a tourism
business involving CEO Cai had taken place; (2) CEO Cai was a
minority owner of Longwei's subsidiaries; and (3) Longwei's
wholesale fuel sales have been vastly exaggerated.
On January 3, 2013, securities
research blog Geoinvesting.com published a report revealing
serious discrepancies between what Longwei had described as
its business condition and the actual facts on the ground.
Geoinvesting's public disclosure of fraud at Longwei caused
Longwei's stock to fall more than 70% on January 3, 2013. Since the announcement, trading
in Longwei stock has been halted.
Request more information now by clicking here:
www.faruqilaw.com/LPH. There is no cost or obligation to
you.
Take Action
If you purchased Longwei stock or options between May 17, 2010 and January
3, 2013 and would like to discuss your legal rights, visit
www.faruqilaw.com/LPH. You can also contact us by calling
Richard Gonnello or Francis McConville toll free at 877-247-4292 or
at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com
or fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP also
encourages anyone with information regarding Longwei's conduct to
contact the firm, including whistleblowers, former employees,
shareholders and others.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Francis McConville, Esq.
fmcconville@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP