Longtop further announced that its Audit Committee has retained U.S. legal counsel and authorized the retention of forensic accountants to conduct an independent investigation into the matters raised by DTT’s resignation letter. The SEC has also advised Longtop that it was conducting an inquiry regarding related matters.As result, Longtop is unable to determine the full effect of these matters, including whether any restatement of its historical financial statements will be required, until the Audit Committee completes its review. The Company has stated that it cannot predict when it will announce its financial results for the fourth quarter of 2011, or when it will file its Form 20F with the SEC for the fiscal year ended March 31, 2011. Longtop also announced that Derek Palaschuk, the Company’s CFO, tendered his resignation by letter, dated May 19, 2011, and the Board of Directors has taken his resignation under advisement. Trading in Longtop’s stock has been halted since May 17, 2011 and, to date, has not resumed. If you wish to serve as lead plaintiff, you must move the Court no later than July 22, 2011. A lead plaintiff is a representative party acting 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. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. While Rigrodsky & Long, P.A. did not file the Complaint in this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.