Bernstein Liebhard LLP is investigating whether Advanced Battery Technologies, Inc. (“ABAT” or the “Company”) (NASDAQ: ABAT) issued materially false statements to the investing public.
On March 30, 2011, an equity research firm called Variant View Research (“Variant”) published an article informing investors of a number of potential red flags of fraud at ABAT. Variant claims, among other things, that: (i) certain of ABAT’s distribution arrangements appear to be “fake” as they could not be verified by Variant; (ii) ABAT failed to disclose material facts about certain multi-million dollar acquisitions in the last three years, including the alleged related party nature, and financial condition, of the acquired companies; and (iii) the Company misrepresented its and/or its Chairman’s ownership of a Company subsidiary. As a result of this adverse information entering the market, the value of Company s stock fell sharply, damaging ABAT investors.
If you are interested in discussing your rights as an ABAT shareholder and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or firstname.lastname@example.org.
Bernstein Liebhard has pursued hundreds of securities, consumer cases and recovered almost $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last eight years.Bernstein Liebhard LLP10 East 40th StreetNew York, New York 10016(877) 779-1414 www.bernlieb.com ATTORNEY ADVERTISING. © 2011 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.