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I am posting this to share information I received today.
My personal thought: All is not roses,watch out for the thorns.Be cautious about all the picks and pumps that come from unknown sources.Do your own analysis before puting your $money$ at risk.
Don L
PS. Cheers for our Navy Seals!
Dear Investor:
You are receiving this email because you have previously contacted Milberg LLP, an investor and consumer protection law firm, about pending or potential litigation. This email brings your attention to the recent wave of litigation against publicly traded China-based companies that are listed on U.S. exchanges. This email is informational. We do not know whether you have purchased the particular securities mentioned below or whether this information may affect you.
Over the past few years, hundreds of small and mid-tier Chinese companies have obtained listings on U.S. exchanges through a back-door process known as a reverse merger, which involves an active Chinese business merging into a dormant, exchange-registered American shell corporation.
Numerous Chinese reverse merger stocks have experienced sharp stock declines caused by allegations of fraud, with many companies accused of being complete shams. Although many of the allegations have yet to be proven, an alarming number of auditor and executive resignations, inconsistencies between financial reports filed in the U.S. and China, and a Securities and Exchange Commission investigation into Chinese reverse merger companies are painting a troubling picture.
Milberg is investigating ongoing class actions against the following companies:
ShengdaTech, Inc. (NASDAQ: SDTH)
China Integrated Energy, Inc. (NASDAQ: CBEH)
NIVS IntelliMedia Technology Group, Inc. (AMEX: NIV)
China Century Dragon Media, Inc. (AMEX: CDM)
China Electric Motor, Inc. (NASDAQ: CELM)
China Intelligent Lighting and Electronics, Inc. (AMEX: CIL)
Advanced Battery Technologies, Inc. (NASDAQ: ABAT)
Puda Coal, Inc. (NYSE: PUDA)
Universal Travel Group (NYSE: UTA)
Subaye, Inc. (NASDAQ; SBAY)
SkyPeople Fruit Juice, Inc, (NASDAQ: SPU)
ZST Digital Networks, Inc. (NASDAQ: ZSTN)
If you are a shareholder of any of the aforementioned companies or other China-based reverse merger companies, and would like more information click here.
Additional information about these shareholder litigations and investigations is available at our website http://www.milberg.com. If you do not wish to receive any future correspondences like this, click here or reply with UNSUBSCRIBE in the subject line.
Andrei Rado, Esq.
Milberg LLP
One Pennsylvania Plaza, 49th Fl.
New York, NY 10119
(800) 320-5081
The Can-Spam Act (Controlling the Assault of Non-Solicited Pornography and Marketing Act) may require that this communication be labeled as advertising.
My personal thought: All is not roses,watch out for the thorns.Be cautious about all the picks and pumps that come from unknown sources.Do your own analysis before puting your $money$ at risk.
Don L
PS. Cheers for our Navy Seals!
Dear Investor:
You are receiving this email because you have previously contacted Milberg LLP, an investor and consumer protection law firm, about pending or potential litigation. This email brings your attention to the recent wave of litigation against publicly traded China-based companies that are listed on U.S. exchanges. This email is informational. We do not know whether you have purchased the particular securities mentioned below or whether this information may affect you.
Over the past few years, hundreds of small and mid-tier Chinese companies have obtained listings on U.S. exchanges through a back-door process known as a reverse merger, which involves an active Chinese business merging into a dormant, exchange-registered American shell corporation.
Numerous Chinese reverse merger stocks have experienced sharp stock declines caused by allegations of fraud, with many companies accused of being complete shams. Although many of the allegations have yet to be proven, an alarming number of auditor and executive resignations, inconsistencies between financial reports filed in the U.S. and China, and a Securities and Exchange Commission investigation into Chinese reverse merger companies are painting a troubling picture.
Milberg is investigating ongoing class actions against the following companies:
ShengdaTech, Inc. (NASDAQ: SDTH)
China Integrated Energy, Inc. (NASDAQ: CBEH)
NIVS IntelliMedia Technology Group, Inc. (AMEX: NIV)
China Century Dragon Media, Inc. (AMEX: CDM)
China Electric Motor, Inc. (NASDAQ: CELM)
China Intelligent Lighting and Electronics, Inc. (AMEX: CIL)
Advanced Battery Technologies, Inc. (NASDAQ: ABAT)
Puda Coal, Inc. (NYSE: PUDA)
Universal Travel Group (NYSE: UTA)
Subaye, Inc. (NASDAQ; SBAY)
SkyPeople Fruit Juice, Inc, (NASDAQ: SPU)
ZST Digital Networks, Inc. (NASDAQ: ZSTN)
If you are a shareholder of any of the aforementioned companies or other China-based reverse merger companies, and would like more information click here.
Additional information about these shareholder litigations and investigations is available at our website http://www.milberg.com. If you do not wish to receive any future correspondences like this, click here or reply with UNSUBSCRIBE in the subject line.
Andrei Rado, Esq.
Milberg LLP
One Pennsylvania Plaza, 49th Fl.
New York, NY 10119
(800) 320-5081
The Can-Spam Act (Controlling the Assault of Non-Solicited Pornography and Marketing Act) may require that this communication be labeled as advertising.
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