Goldfarb Branham LLP is investigating whether the Board of Directors of Puda Coal, Inc. (AMEX: PUDA) violated shareholder protection laws due to allegations that insiders fraudulently transferred Puda’s ownership interest to the company’s chairman, Ming Zhao. Concerned Puda stockholders are encouraged to contact attorney Hamilton Lindley toll-free at 877-583-2855 or at hlindley@goldfarbbranham.com.

“Shares of Puda Coal plunged 34% when an analyst accused the company’s chairman of embezzling funds,” securities lawyer Hamilton Lindley said. “A preliminary investigation by the company into those charges ‘supports the allegation that there were transfers by Mr. Zhao in subsidiary ownership that were inconsistent with disclosures made by the Company in securities filings.’ Our proposed Puda Coal investor lawsuit seeks to ensure that the company is managed in a manner that is beneficial to all the stockholders and that the investors are made whole.”

Goldfarb Branham LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Puda Coal investors – or anyone with knowledge about this issue – should contact lawyer Hamilton Lindley at hlindley@goldfarbbranham.com or 877-583-2855.

Copyright Business Wire 2010

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