The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against Lihua International, Inc. (NASDAQ:
) resulting from allegations that the Company may have issued materially misleading financial statements and breached their fiduciary duties to shareholders.
On August 1, 2011, Absaroka Capital Management issued a report asserting that management of Lihua had engaged in a series of undisclosed self-dealing and related party transactions that diminished the value of the Company. On August 4, 2011, Kerrisdale Capital Management issued a statement supporting Absaroka’s claims of self-dealing by Lihua management. Disclosure of these adverse facts has caused Lihua’s stock price to fall, damaging investors.
The Rosen Law Firm is preparing a securities class action lawsuit on behalf of Lihua investors. If you purchased Lihua stock, please visit the website at
to participate in the class action and to obtain more information. You may also contact Jonathan Horne, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at or
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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