Law Offices Of Howard G. Smith Announces Investigation On Behalf Of Shareholders Of Telestone Technologies Corporation
Law Offices of Howard G. Smith announces that it is investigating potential claims against Telestone Technologies Corporation (“Telestone” or the “Company”) (NASDAQ:TSTC) concerning possible violations of federal securities laws or breaches of fiduciary duties by the Company or its fiduciaries. Telestone is a Beijing-based provider of access network solutions, primarily in the People’s Republic of China. The Company also designs and sells electronic equipment including WFDS products, RFPA products, passive components, repeaters, radio frequency peripherals, and base station antennas used to provide access network solutions for 2G, 3G, broadband access and CATV networks.
The investigation concerns allegations that certain statements issued by the Company between January 2005 and the present concerning Telestone’s business, prospects and financial performance were materially false and/or misleading. Telestone’s annual report for its 2009 fiscal year, filed March 31, 2010, with the U.S. Securities and Exchange Commission, disclosed that as of December 31, 2009, the Company’s disclosure controls and procedures were “not effective” due to certain “control weaknesses and control deficiencies in our internal control over financial reporting.”
If you are shareholder of Telestone, and still hold those shares, if you
have information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to
or visit our website at
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV