The Law Firm of Levi & Korsinsky, LLP Announces Class Action Lawsuit Against Yuhe International, Inc. and Notifies Investors the
July 05 2011 - 3:46PM
Marketwired
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 purchasers of Yuhe International,
Inc. ("Yuhe" or "the Company") (NASDAQ: YUII) who purchased between
December 31, 2009 and June 17, 2011.
For more information, click here:
http://www.zlk.com/yuhe-international-yuii.
The complaint alleges that during the Class Period, Yuhe, a
supplier of day-old chickens, violated federal securities laws by
issuing false and misleading statements regarding (a) the purported
acquisition of 13 breeder farms and (b) the financial results for
the fiscal years ended 2009 and 2010.
In a June 17, 2011 letter to the Yuhe Audit Committee, the
Company's independent auditor resigned, citing "management's
misrepresentation and failure to disclose material facts
surrounding certain acquisition transactions and off balance sheet
related party transactions." Furthermore, the auditor indicated
that Yuhe's financial statements for the year ending December 31,
2010 should no longer be relied upon. Following this letter, NASDAQ
suspended trading of the Company's stock.
If you are a member of the class and suffered a loss in Yuhe
stock, you have until August 23, 2011 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery is not affected by the decision whether or not to serve as
a lead plaintiff. To obtain additional information about your
rights, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (877) 363-5972, or visit
http://www.zlk.com/.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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