The Rosen Law Firm, P.A. announces that it is investigating potential violations of federal and state laws against Ever-Glory International Group, Inc. (NYSE:EVK) resulting from allegations that the company may have issued materially misleading information about its true financial condition.
On May 7, 2013, Ever-Glory announced that its financial statements previously filed with the U.S. Securities and Exchange Commission for the following periods should no longer be relied upon: (i) three-month period ended March 31, 2012; (ii) three-month period and six-month period ended June 30, 2012; and (iii) three-month period and nine-month period ended September 30, 2012. On October 7, 2013, Ever-Glory announced that it received a warning letter from NYSE Regulations for its failure to obtain the prior approval of its audit committee for certain related party transactions. Upon disclosure of this news, shares of Ever-Glory fell $0.76 per share or 16% on October 7, 2013, to close at a price of $3.976 per share.
The Rosen Law Firm is preparing securities claims on behalf of investors as a result of this adverse information. If you purchased Ever-Glory securities prior to October 7, 2013, you may visit the website at
to join the action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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