This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Rosen Law Firm Announces Investigation Of China Gerui Advanced Materials Group Ltd.

The Rosen Law Firm, P.A. announces that it is investigating securities fraud claims against China Gerui Advanced Materials Group Ltd. (NASDAQ: CHOP) resulting from allegations that the Company may have issued materially inaccurate financial statements to the investing public.

On October 28, 2011, analyst firm Prescience Investment Group ("Prescience") issued a report alleging that CHOP misrepresented its financial performance. Citing a number of sources, including filings CHOP made with the Chinese State Administration of Industry and Commerce (the "SAIC") and industry reports, Prescience concluded that CHOP had overstated its revenue and greatly overstated its net income and margins for at least FY 2007 and FY 2008.

Upon this news, CHOP's share price fell, damaging investors.

The Rosen Law Firm is preparing a securities class action lawsuit on behalf of CHOP investors to recover investors’ losses. If you purchased CHOP shares, please visit the website at for 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 如果您講中文,請致電張律師 212-686-1060,或電郵, 獲取該集體訴訟案件的具體信息.

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.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!


DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs