The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against Deer Consumer Products, Inc. (NASDAQ: DEER) resulting from allegations that the Company may have issued materially inaccurate financial statements to investors between March 31, 2009 and March 17, 2011. On March 9, 14, and 17, 2011, analyst Alfred Little issued a series of reports alleging that Deer misrepresented its financial performance, business prospects, and financial condition to investors, citing Deer’s Chinese regulatory filings that were materially different than its SEC filings. In addition the March 17 report claimed that Deer improperly recognized revenue in violation of Generally Accepted Accounting Principles (“GAAP”). These disclosures of potential fraud concerning Deer caused the stock price to drop, damaging investors. The Rosen Law Firm is preparing a securities class action lawsuit on behalf of Deer investors. If you purchased Deer stock between March 31, 2009 and March 17, 2011, please visit the website at http://rosenlegal.com for more information. You may also contact Jonathan Horne, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org 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.
Shares of Deer Consumer Products (Nasdaq:DEER) have taken a tremendous swing upward. The stock is trading at $4.08 as of 9:35 a.m. ET, 28.3% above Wednesday's closing price of $3.18. Volume is at 119,644, 1.4 times the daily average of 84,200.
Shares of Deer Consumer Products (Nasdaq:DEER) have taken a tremendous swing upward. The stock is trading at $5.07 as of 2:19 p.m. ET, 20.4% above Wednesday's closing price of $4.21. Volume is at 165,235, 1.7 times the daily average of 94,600.