CDM China Century Dragon Media Common Stock

The Rosen Law Firm, P.A. announces that it is investigating potential securities claims against China Century Dragon Media, Inc. (AMEX: CDM) (“China Century” or the “Company”) resulting from allegations that the Company may have issued materially inaccurate financial statements since the fiscal year ended December 31, 2008.

On March 21, 2011 trading in the Company’s stock was inexplicably halted. On March 28, 2011 the Company issued an announcement revealing that its auditor MaloneBailey LLP (“MB”) had resigned and that MB had withdrawn its prior audit opinions of the Company’s financial statements. MB informed the Company that “due to discrepancies noted on customer confirmations and the auditor's inability to directly verify the Company's bank records, they believe these irregularities may be an indication that the accounting records have been falsified, which would constitute an illegal act.” As a result, MB “is unable to rely on management’s representations as they relate to previously issued financial statements and it can no longer support its opinions related to the financial statements as of December 31, 2009 and 2008.” The announcement also revealed that the Company was subject to a formal investigation by the SEC into whether “the Company had made material misstatements or omissions concerning its financial statements, including cash accounts and accounts receivable.”

The Rosen Law Firm is preparing a securities class action lawsuit on behalf of China Century investors. If you purchased or acquired China Century 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.

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Grafico Azioni China Century Dragon Media Common Stock (AMEX:CDM)
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Da Mag 2024 a Giu 2024

Grafico Azioni China Century Dragon Media Common Stock (AMEX:CDM)
Storico
Da Giu 2023 a Giu 2024