NEW YORK, Feb. 11, 2015 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A., a global investor rights firm, announced that it has filed a class action lawsuit on behalf of investors who purchased common stock of China North East Petroleum Holdings Limited (formerly OTC:CNEP) (AMEX: NEP ) between January 1, 2010 and April 4, 2013 (the "Class Period"), seeking remedies against China North East's auditor, Baker Tilly, under the federal securities laws.
To join the Baker Tilly class action, visit the firm's website at http://www.rosenlegal.com/cases-469.html , or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action. The case is pending the U.S. District Court for the Central District of California.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
"The lawsuit claims that China North East's auditor Baker Tilly Hong Kong Limited, fraudulently issued clean audit reports for China North East's financial statements," said Rosen attorney Phillip Kim. "This appears to be another audit firm that has conducted fraudulent audits of a Chinese company, which has caused investors to lose nearly the entire value of their investment," added Kim.
If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com , or http://www.rosenlegal.com/cases-469.html .
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm P.A. 275 Madison Avenue, 34th Floor New York, New York 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 www.rosenlegal.com