Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Duoyuan Global Water, Inc.
13 Septiembre 2010 - 7:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims on behalf of investors of Duoyuan
Global Water, Inc. (“Duoyuan Global Water” or the “Company”) (NYSE:
DGW), including purchasers of the Company’s securities pursuant to
its June 24, 2009, initial public offering (the “IPO”), concerning
possible violations of federal securities laws. Duoyuan Global
Water, through its subsidiaries, engages in the manufacture and
sale of water treatment equipment in the People’s Republic of
China. The Company’s Chief Executive Officer, Wenhua Guo, is also
Chairman of Beijing-based Duoyuan Printing, Inc. (“DYP”), a
manufacturer of offset printing equipment.
The investigation is related to DYP’s September 13, 2010,
announcement that DYP was dismissing its independent registered
public accounting firm and reorganizing its top management in
connection with DYP’s “desire to resolve open issues and file our
10-K on a timely basis.” Subsequent to DYP’s announcement, a Piper
Jaffray analyst downgraded Duoyuan Global Water stock and slashed
the Company’s price target, reportedly due to concerns over
possible internal control and corporate governance issues and
Duoyuan Global Water’s ties to DYP.
If you purchased the securities of Duoyuan Global Water,
including securities purchased pursuant to the Company’s June 24,
2009 IPO, if you have information or would like to learn more about
these claims, or if you wish to discuss these matters or have any
questions concerning this announcement 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, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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