CIL China Intelligent Lighting And Electronics Common Stock

The Rosen Law Firm, P.A. announces that it is investigating potential securities claims against China Intelligent Lighting and Electronics, Inc. (AMEX: CIL) (“China Intelligent” or the “Company”) resulting from allegations that the Company issued materially false financial statements since the fiscal year ended as of December 31, 2009.

On March 24, 2011 trading in the Company’s stock was inexplicably halted. On March 29, 2011 the Company issued an announcement revealing that its auditor MaloneBailey LLP (“MB”) had resigned and that MB had withdrawn its prior audit opinion of the Company’s financial statements. MB said it “believed that the accounting records of the Company have been falsified, which constitutes an illegal act.” MB also found that the accounting discrepancies could indicate a material error in previously issued financial statements. MB also stated that it could no longer rely on management’s representations. The Company also disclosed that it is the subject of a formal SEC investigation.

The Rosen Law Firm is preparing a securities class action lawsuit on behalf of China Intelligent investors. If you purchased or acquired China Intelligent securities at any time prior to March 28, 2011, please visit the website at http://rosenlegal.com for more information. You may also contact Laurence Rosen, Esq., or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

China Intelligent Lighting And Electronics Common Stock (AMEX:CIL)
Gráfica de Acción Histórica
De Abr 2024 a May 2024

China Intelligent Lighting And Electronics Common Stock (AMEX:CIL)
Gráfica de Acción Histórica
De May 2023 a May 2024