The Rosen Law Firm, P.A. today announced the filing of a class action lawsuit on behalf of investors who purchased the shares of Ambow Education Holding Ltd. (AMBO) during the period between May 18, 2011 and May 16, 2012, seeking to recover damages for violations of federal securities laws.
To join the Ambow class action, visit the firm’s website at
, or call Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email
for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
The Complaint asserts violations of the federal securities laws against Ambow Energy and its officers and directors for misrepresenting revenue and earnings for the 2011 fiscal year. The Complaint alleges that Ambow, in violation of Generally Accepted Accounting Principles, improperly recorded revenue from distributors that did not have an adequate history of timely payment. The Complaint also asserts that the Company lacked adequate internal controls and improperly accounted for business acquisitions.
If you wish to serve as lead plaintiff, you must move the Court no later than August 10, 2012. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at
. You may also visit the firm’s website at
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.