The Law Office of Robbins Umeda LLP Announces an Investigation of Duoyuan Printing, Inc.
14 Septiembre 2010 - 7:43PM
Business Wire
Robbins Umeda LLP has commenced an investigation into Duoyuan
Printing, Inc. ("DYP" or the "Company") (NYSE: DYP) concerning
possible violations of the state and federal securities laws.
DYP claims that it engages in the design, development, and
manufacture of offset printing equipment and solutions in the
People's Republic of China. According to the Company, its products
cover three stages of the offset printing process comprising
pre-press, press, and post-press. DYP was founded in 2001 and is
headquartered in Beijing, the People's Republic of China. The
Company's Chairman, Wenhua Guo, is also Chief Executive Officer of
Beijing-based Duoyuan Global Water, Inc. ("DGW"), a manufacturer of
water treatment equipment.
Robbins Umeda's investigation concerns whether the Company made
materially misleading public statements. On September 13, 2010, DYP
announced that the Company was dismissing its independent
registered public accounting firm, Deloitte Touche Tohmatsu CPA
Ltd., and reorganizing its top management in connection with DYP's
"desire to resolve open issues and file our 10-K on a timely
basis." The Company's chief executive officer, chief financial
officer, and four members of the Company's board of directors
resigned after the dismissal of Deloitte. Upon this news, DYP's
stock declined approximately 55% from its close price of $6.59 per
share on September 10, 2010, to close at $2.99 on September 13,
2010.
If you purchased or own DYP common stock and would like more
information about your rights as a shareholder and our
investigation, please contact Gregory E. Del Gaizo at 800-350-6003
or by e-mail at info@robbinsumeda.com
Robbins Umeda LLP is a California-based law firm, which has
significant experience representing investors in securities fraud
class actions, merger-related shareholder class actions, and
shareholder derivative actions. For more information about the
firm, please go to http://www.robbinsumeda.com.
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