This Day On The Street
Continue to site
ADVERTISEMENT
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

Rosen Law Firm Investigates Securities Fraud Claims Against Poseidon Concepts Corp. – POOSF

The Rosen Law Firm announces that it is investigating securities fraud claims against Poseidon Concepts Corp. (OTC: POOSF).

On February 14, 2013, Poseidon announced that it would restate results for the first three quarters of 2012. Poseidon stated that up to $106-million of its $148.1 million of revenue for the nine months ended Sept. 30 should not have been recorded. Poseidon stated that up to $102 million of its $125.5 million accounts receivable as of September 30, 2012 should not have been recorded in its financial statements as accounts receivable. Poseidon also stated that its forecast for 2012 should no longer be relied on. This adverse news caused the price of Poseidon stock to drop, causing investors losses.

The Rosen Law Firm is preparing a class action lawsuit as a result of this adverse information to recover investors’ losses. If you purchased Poseidon securities on the U.S. markets prior to February 14, 2013, you may visit the website at http://rosenlegal.com to join the class action. You may also contact Phillip Kim, Esq. or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

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
SYM TRADE IT LAST %CHG

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs