Law Offices of Howard G. Smith Announces Investigation On Behalf of Investors of China Century Dragon Media, Inc.
28 Marzo 2011 - 6:52PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims on behalf of purchasers of the
securities of China Century Dragon Media, Inc. (“CDM” or the
“Company”) (NYSE Amex:CDM) between February 8, 2011 and March 28,
2011, concerning possible violations of federal securities laws.
The investigation focuses on allegations that certain statements
issued by the Company in connection with its February 8, 2011,
public offering regarding CDM’s business, operations and financial
condition were false and misleading. CDM is a television
advertising company in China that primarily offers blocks of
advertising time on certain channels on China Central Television,
the state television broadcaster of China and China’s largest
television network.
Specifically, the investigation pertains to the Company’s March
28, 2011, disclosure that the Company's registered independent
accounting firm had formally resigned its engagement with the
Company as of March 22, 2011, and provided the Company with a
letter of resignation that informed the Company that due to
discrepancies noted on customer confirmations and the auditor’s
inability to directly verify the Company’s bank records, the
auditor believed these irregularities may be an indication that the
accounting records have been falsified.
If you purchased CDM securities between February 8, 2011 and
March 28, 2011, 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
www.howardsmithlaw.com.
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