Glancy Binkow & Goldberg LLP, Representing Shareholders of Universal Travel Group, Inc., Announces 2 Days Remaining to Move for
2011年6月14日 - 9:30AM
Glancy Binkow & Goldberg LLP announces that all persons or
entities who purchased or otherwise acquired the securities of
Universal Travel Group, Inc. ("Universal Travel Group" or the
"Company") (NYSE:UTA), between January 19, 2010 and April 12, 2011,
inclusive (the "Class Period"), have 2 days remaining until the
June 15, 2011 deadline to move the Court to serve as Lead Plaintiff
in the securities fraud class action lawsuit. The class action
lawsuit is pending in the United States District Court for the
Central District of California.
A copy of the Complaint is available from the court or from
Glancy Binkow & Goldberg LLP. Please contact us by phone to
discuss this action or to obtain a copy of the Complaint at (310)
201‑9150 or Toll Free at (888) 773‑9224, by email to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com.
Universal Travel Group is a China-based travel services
provider, focusing on the domestic tourism market and offering
packaged tours, air ticketing, and hotel reservation services.
Throughout 2010, the Company made several acquisitions, including
travel agencies and travel services companies. The Complaint
alleges that throughout the Class Period defendants made false
and/or misleading statements and/or failed to disclose that: (1)
the pre-acquisition net income and revenue of certain companies
Universal Travel Group acquired was less than the Company
represented; (2) there was a lack of evidence supporting certain
tour package contracts and related cash payments: (3) the Company's
financial statements were misstated; (4) the Company lacked
adequate internal and financial controls; and (5), as a result, the
Company's statements were materially false and misleading at all
relevant times.
On March 8, 2011, a research report was published on the
Internet alleging that the net income and revenue of certain
companies Universal Travel Group had acquired in 2010 were far less
than the Company had represented in its public filings.
On March 29, 2011, the Company unexpectedly postponed a
conference call to discuss its financial results for the 2010
fiscal year. Subsequently, on or around April 11, 2011,
trading of the Company's shares was halted.
Any person or group who suffered a loss as a result of
purchasing Universal Travel Group securities between January 19,
2010 and April 12, 2011, may ask the Court to be appointed as Lead
Plaintiff, but must file a motion no later than the June 15, 2011
deadline.
Glancy Binkow & Goldberg LLP is a law firm with significant
experience in prosecuting class actions, substantial expertise in
actions involving corporate fraud, and is representing Universal
Travel Group shareholders in this litigation.
If you wish to discuss this action or have any questions
concerning this Notice or your rights or interests with respect to
these matters, please contact Michael Goldberg, Esquire, of Glancy
Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los
Angeles, California 90067, by telephone at (310) 201‑9150, Toll
Free at (888) 773‑9224, by e‑mail to shareholders@glancylaw.com, or
visit our website at http://www.glancylaw.com.
CONTACT: Glancy Binkow & Goldberg LLP, Los Angeles, CA
Lionel Z. Glancy (310) 201-9150 or (888) 773-9224
Michael Goldberg
shareholders@glancylaw.com
www.glancylaw.com
Universal Travel Grp. (NYSE:UTA)
過去 株価チャート
から 7 2024 まで 8 2024
Universal Travel Grp. (NYSE:UTA)
過去 株価チャート
から 8 2023 まで 8 2024