Law Offices Of Howard G. Smith Announces Investigation On Behalf Of Shareholders Of Puda Coal, Inc.

Law Offices of Howard G. Smith announces that it is investigating potential claims against Puda Coal, Inc. (“Puda” or the “Company”) (AMEX:PUDA) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between November 13, 2009 and April 8, 2011, regarding Puda’s business, operations and financial condition were false and misleading.

Puda, through its indirect equity ownership in Shanxi Puda Coal Group Co., Ltd. ("Shanxi Puda"), supplies metallurgical coking coal to the industrial sector in the People's Republic of China. Specifically, the investigation relates to an April 8, 2011 research report alleging that Puda failed to disclose certain Company transfers. On April 11, 2011, Puda announced that its Audit Committee had launched an investigation into the allegations raised in the recent report. On this news, the American Stock Exchange halted trading of Puda stock following these revelations.

If you purchased Puda securities between November 13, 2009 and April 8, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Copyright Business Wire 2010

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