The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud in Longtop Financial, Inc. (NYSE: LFT) resulting from allegations that the Company may have issued materially inaccurate financial statements to the investing public.
On April 26, analyst Andrew Left issued a report questioning the Company’s claimed extravagant margins. Based on alleged undisclosed related party transactions and the LFT officers’ undisclosed regulatory violations, Left argued that the Company’s financials were fraudulently overstated. This has caused LFT stock to drop, damaging investors.
The Rosen Law Firm is investigating a securities class action lawsuit on behalf of LFT investors. If you purchased LFT stock please visit the website at http://rosenlegal.com for more information. You may also contact Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org.
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.