This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Law Office Of Robbins Umeda LLP Announces An Investigation Of Duoyuan Global Water Inc.

Robbins Umeda LLP has commenced an investigation into Duoyuan Global Water Inc. ("DGW" or the "Company") (NYSE: DGW) concerning possible violations of the state and federal securities laws.

DGW claims that it engages in the manufacture and sale of water treatment equipment in the People's Republic of China. According to the Company, its customers are primarily wastewater treatment plants, water works facilities, manufacturing plants, commercial businesses, residential communities, and individual customers. DGW was founded in 1992 and is headquartered in Beijing, the People's Republic of China. The Company's Chief Executive Officer, Wenhua Guo, is also Chairman of Beijing-based Duoyuan Printing, Inc. ("DYP"), a manufacturer of offset printing equipment.

Robbins Umeda's investigation concerns whether the Company has adequate internal controls. On September 13, 2010, DYP announced that it was dismissing its independent registered public accounting firm and reorganizing its top management, including its Chief Executive Officer and Chief Financial Officer, in connection with DYP's "desire to resolve open issues and file our 10-K on a timely basis." An analyst at Piper Jaffray slashed DGW's price target to $9.00 from $34.00, citing the close ties between the Company and DYP and concerns that there might be similar internal control issues at DGW. Upon this news, DGW's stock declined approximately 45% from its close price of $20.70 per share on September 10, 2010, to close at $12.10 on September 13, 2010.

If you purchased or own DGW common stock and would like more information about your rights as a shareholder and our investigation, please contact Gregory E. Del Gaizo at 800-350-6003 or by e-mail at info@robbinsumeda.com

Robbins Umeda LLP is a California-based law firm, which has significant experience representing investors in securities fraud class actions, merger-related shareholder class actions, and shareholder derivative actions. For more information about the firm, please go to http://www.robbinsumeda.com.

Advertisement

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $118.44 -2.36%
FB $94.14 0.14%
GOOG $631.21 0.90%
TSLA $259.99 -2.31%
YHOO $36.69 0.05%

Markets

Chart of I:DJI
DOW 17,598.20 -91.66 -0.52%
S&P 500 2,098.04 -5.80 -0.28%
NASDAQ 5,115.3820 -12.8990 -0.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs