Law Offices of Howard G. Smith, Representing Investors of RINO International Corporation, Announces Update to the Shareholder La
December 02 2010 - 7:30PM
Law Offices of Howard G. Smith, representing investors of RINO
International Corporation ("RINO" or the "Company") (Nasdaq:RINO),
announces that the Class Period has been expanded in the
shareholder lawsuit filed in United States District Court for the
Central District of California to include all persons or entities
who purchased RINO common stock between February 17, 2009, and
November 12, 2010, inclusive (the "Class Period").
The Complaint charges the Company and certain of its executive
officers with violations of federal securities laws. RINO operates
as an environmental protection and remediation company in the
People's Republic of China, engaging in designing, manufacturing,
installing and servicing wastewater treatment and flue gas
desulphurization ("FGD") equipment, primarily for use in the iron
and steel industry, and anti-oxidation products and equipment for
use in the manufacture of hot rolled steel plate
products. Specifically, the Complaint alleges that throughout
the Class Period defendants issued materially false and misleading
statements concerning RINO's business, operations and prospects
and/or failed to disclose: (1) that certain customers did not
purchase FGD systems as the Company had previously claimed; (2)
that the Company's financial results reported to China's State
Administration of Industry and Commerce were substantially less
than the financial results the Company reported to the public and
contained in the financial statements RINO filed with the SEC; (3)
that the Company lacked adequate internal and financial controls;
and (4), as a result of the foregoing, that the Company's financial
results were materially false and misleading at all relevant
times.
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. If you purchased RINO securities between February 17,
2009 and November 12, 2010, you have certain rights, and have until
January 14, 2011, to move for lead plaintiff status. To be a member
of the class you need not take any action at this time, and you may
retain counsel of your choice. If you wish to discuss this action
or have any questions concerning this Notice or your rights or
interests with respect to these matters, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol
Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at
(215)638-4847, Toll-Free at (888)638-4847, by email to
howardsmith@howardsmithlaw.com or visit our website at
http://www.howardsmithlaw.com.
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
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