NEW YORK, Jan. 22, 2015 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased China Gerui Advanced Materials Group Ltd. ("China Gerui" or the "Company") (Nasdaq: CHOP ) securities between January 11, 2012 and September 4, 2014.
To get more information, click here: http://zlk.9nl.com/china-gerui-advanced-chop . There is no cost or obligation to you.
The complaint alleges that the Company made false and/or misleading statements regarding its business, operations, and prospects. In particular it is alleged that the Company misrepresented that its goals for growth included introducing new products and identifying new markets; then on September 4, 2014 the Company announced it had purchased a collection of antique Chinese porcelain for a cash consideration of $234 million.
If you suffered a loss in China Gerui you have until January 30, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/china-gerui-advanced-chop .
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.com
