On October 25, 2011, a class action lawsuit was filed in the United States District Court for the Southern District of New York against China Automotive Systems, Inc. (NASDAQ: CAAS). Federman & Sherwood reminds current and former shareholders of China Automotive Systems, Inc. that they only have until Tuesday, December 27, 2011 to move for appointment as a lead plaintiff in this case. The Complaint alleges violations of Section 10(b) and Section 20(a) of the Securities Exchange Act, and Rule 10b-5 promulgated thereunder. If you purchased shares of China Automotive Systems, Inc. between March 25, 2010 and March 17, 2011 and wish to join this litigation as a plaintiff, please contact our office as soon as possible. Our firm seeks to recover damages on behalf of the Class. Federman & Sherwood has extensive experience and expertise in prosecuting securities litigation involving financial fraud. We represent investors throughout the country in shareholder litigation. If you wish to join this class action or have further questions, please contact:
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.