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 http://rosenlegal.com 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 email@example.com. 如果您講中文，請致電張律師 212-686-1060，或電郵 firstname.lastname@example.org, 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.