Levi & Korsinsky is investigating FAB Universal Corporation (“FAB Universal” or the “Company”) (NYSE MKT:FU) for possible violations of federal securities laws.
Click here to learn more about the investigation: http://zlk.9nl.com/fab-universal-fu/ or call: 877-363-5972. There is no cost or obligation to you.
On November 14, 2013, a report was issued on Alfredlittle.com alleging that FAB Universal had exaggerated its true financial performance. Among other allegations, the report alleges that the Company’s “Intelligent Media Kiosks”--which are meant to allow the download of copyright-protected movies--are in fact supplied with pirated American films. The report also suggests that the Company’s director of franchisee sales acknowledged that the Company has approximately 100 kiosks in Beijing, rather than the 3,954 disclosed in the Company’s Proxy on June 1, 2012.
If you own FAB Universal stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/fab-universal-fu/.Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.