Bernstein Liebhard LLP Announces Filing Of A Class Action Against Gulf Resources, Inc.

Bernstein Liebhard LLP today announced that a lawsuit has been filed in the United States District Court for the Central District of California on behalf of a class (the “Class”) of investors who purchased Gulf Resources, Inc. (“Gulf Resources” or the “Company”) (NASDAQ: GFRE) common stock between the period of March 16, 2009 to April 26, 2011 (the “Class Period”). Plaintiffs allege violations of the Securities and Exchange Act of 1934 against Gulf Resources and certain individual defendants.

According to the complaint, the company engaged in undisclosed related party transactions, and Chinese regulatory filings showed that the Company was materially smaller than it claimed to be. The complaint states that a report pointed to certain evidence indicating that Gulf Resources does not hold title to its Chinese operating subsidiaries, shareholders’ sole asset.

Plaintiffs seek to recover damages on behalf of all Class members who purchased or otherwise acquired shares of Gulf Resources during the Class Period. If you purchased or otherwise acquired Gulf Resources shares during the Class Period, and either lost money on the transaction or still hold the shares, you may wish to join in this action to serve as lead plaintiff. In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers no later than June 29, 2011.

A “lead plaintiff” is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as lead plaintiff. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Bernstein Liebhard LLP, or other counsel of your choice, to serve as your counsel in this action.

If you are interested in discussing your rights as a Gulf Resources shareholder and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or seidman@bernlieb.com.

Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered almost $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last eight years.

You can obtain a copy of the complaint from the clerk of the court for the United States District Court for the Central District of California.

Bernstein Liebhard LLP10 East 40th StreetNew York, New York 10016(877) 779-1414 www.bernlieb.com

ATTORNEY ADVERTISING. © 2011 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Copyright Business Wire 2010

More from Press Releases

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX