The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against ShengdaTech, Inc. (NASDAQ: SDTH) (“ShengdaTech” or the “Company”) resulting from allegations that the Company may have issued materially inaccurate financial statements to the investing public.
On March 15, 2011 the Company announced that it would not timely file its annual report for the year ended December 31, 2010 and had initiated an internal investigation concerning “potentially serious discrepancies and unexplained issues relating to the Company and its subsidiaries' financial records identified by the Company's auditors in the course of their audit of the consolidated financial statements for the fiscal year ended December 31, 2010.” In the wake of this news, trading in the Company’s stock was halted.
The Rosen Law Firm is preparing a securities class action lawsuit on behalf of ShengdaTech investors. If you purchased ShengdaTech stock during the period between May 11, 2010 and March 14, 2011, please visit the website at http://www.rosenlegal.com for more information and to participate in the class action. You may also contact Laurence Rosen, Esq., or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
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New York, New York 10016
Weekends Tel: 917-797-4425
Toll Free: 1-866--767-3653