Pomerantz Law Firm Reminds Shareholders of Duoyuan Printing, Inc. of Upcoming Deadline -- DYP
2010年11月6日 - 5:24AM
Shareholders of Duoyuan Printing, Inc. are reminded of the class
action lawsuit filed in the United States District Court, Southern
District of New York. Pomerantz Haudek Grossman & Gross LLP
filed a class action lawsuit against Duoyuan Printing Inc.
("Duoyuan Printing" or the "Company") (NYSE:DYP) and certain of its
top officials. The class action was filed on behalf of purchasers
of the securities of Duoyuan Printing pursuant and/or traceable to
the Company's November 6, 2009 initial public offering and
purchasers of the securities during the period from November 6,
2009 through and including September 13, 2010 (the "Class Period").
Duoyuan Printing is a manufacturer of commercial offset printing
presses in China. The complaint alleges that throughout the
Class Period, defendants made false and/or misleading statements,
where they failed to disclose (1) that the authenticity of certain
of the Company's expenses related to advertising and tradeshow
costs could not be verified; (2) that the Company had improper
relationships with certain vendors and distributors; (3) that, as a
result, the Company's financial results were misstated during the
Class Period; (4) that the Company lacked adequate internal and
financial controls; and (5) that, as a result of the above, the
Company's financial statements were materially false and misleading
at all relevant times.
On September 13, 2010, Duoyuan Printing disclosed that the
Company dismissed its independent registered public accounting
firm, Deloitte Touche Tohmatsu CPA Ltd., and was reorganizing its
top management in connection with Duoyuan Printing's "desire to
resolve open issues and file our 10-K on a timely
basis." Moreover, the Company's Chief Executive Officer, Chief
Financial Officer and four members of the Company's Board of
Directors resigned after the dismissal of
Deloitte. As a result of the revelations,
Duoyuan Printing securities declined $3.60 or more than 54% and
closed at $2.99 on September 13, 2010.
If you are a shareholder who purchased the Duoyuan Printing
securities during the Class Period, you have until November 19,
2010 to ask the Court to appoint you as lead plaintiff for the
class. A copy of the complaint can be obtained at
www.pomerantzlaw.com. To discuss this action, contact Fei-Lu Qian
at flqian@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free.
Those who inquire by e-mail are encouraged to include their mailing
address and telephone number.
The Pomerantz Firm, with offices in New York, Chicago and
Washington, D.C., is acknowledged as one of the premier firms in
the areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L. Pomerantz, known as the dean of the
class action bar, the Pomerantz Firm pioneered the field of
securities class actions. Today, more than 70 years later, the
Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of
fiduciary duty, and corporate misconduct. The Firm has recovered
numerous multimillion-dollar damages awards on behalf of class
members. See www.pomerantzlaw.com.
CONTACT: Pomerantz Haudek Grossman & Gross LLP
Fei-Lu Qian
(888) 476.6529
(888) 4.POMLAW
flqian@pomlaw.com
Duoyuan Printing, Common Shares (NYSE:DYP)
過去 株価チャート
から 5 2024 まで 6 2024
Duoyuan Printing, Common Shares (NYSE:DYP)
過去 株価チャート
から 6 2023 まで 6 2024