LJ International In Securities Class Action Lawsuit
A class action lawsuit has been commenced on behalf of purchasers of LJ International, Inc. common stock during the period from February 15, 2007 through September 6, 2007.
The complaint charges LJI and certain of its officers and directors with violations of the Securities Exchange Act of 1934 for allegedly issuing false and misleading statements about its business prospects, financial condition, and its statements of revenues and net income. In particular, the Complaint asserts that throughout the Class Period, the Company issued false and misleading reports overstating the Company’s fiscal 2005 and 2006 financial results.
If you wish to serve as lead plaintiff, you must move the Court no later than November 19, 2007. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff’s counsel, 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 . No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. You may also remain an absent class member.
Filed under Class Action, General Law
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