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 Rosen Law Firm Announces Investigation Of Shareholder Securities Claims Against Telestone Technologies Corporation --- TSTC

The Rosen Law Firm today announced that it has commenced an investigation into allegations that Telestone Technologies Corporation (“Telestone” or the “Company”) (NasdaqGS: TSTC) may have violated the federal securities laws by issuing false and misleading financial statements to investors.

On January 11, 2011, a financial analyst The Forensic Factor issued a report detailing alarming inconsistencies in Telestone’s financial statements and raising serious questions as to whether Telestone’s financial accounting complies with Generally Accepted Accounting Principles and whether much of the revenue reported by Telestone is genuine. In addition, the forensic report disclosed that one of Telestone’s major customers was not even incorporated at the time it claimed the relationship had begun. When the market learned of these serious allegations, the price of Telestone shares dropped substantially, damaging investors.

As a result of these allegations, the Rosen Law Firm is contemplating a class action lawsuit to recover investor losses caused by Telestone’s allegedly misleading financial statements.

If you purchased Telestone securities and would like further information concerning your legal rights or your ability to recover your investment losses, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com or visit the website at www.rosenlegal.com

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.



Copyright Business Wire 2010

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs