The Law Firm Of Levi & Korsinsky, LLP Launches An Investigation Into Possible Securities Laws Violations By Wonder Auto Technology, Inc. – WATG
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 firstname.lastname@example.org 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $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
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV