Levi & Korsinsky is investigating Wonder Auto Technology, Inc. (“Wonder Auto” or the “Company”) (Nasdaq: WATG) to determine whether certain of its officers and directors violated laws by incorrectly recognizing revenue and failing to properly disclose several transactions.
On March 17, 2011, the Company announced it would not file its Form 10-K for the 2010 fiscal year in a timely manner, and that its financial statements for the fiscal years 2008 through 2010 should no longer be relied upon because of an error in its revenue calculations. On May 6, 2011, Nasdaq halted trading in Wonder Auto’s common stock; six days later the Company announced an internal investigation into whether Wonder Auto engaged in related-party transactions without properly disclosing their self-dealing nature. Wonder Auto expects the investigation to continue through June 2011.
If you own shares of Wonder Auto stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/wonder-auto-technologies-watg.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.