Milberg LLP Reminds Shareholders of Lead Plaintiff Motion Deadline in Securities Class Action Lawsuits Against NIVS IntelliMedia
03 Maggio 2011 - 4:51PM
Shareholders of NIVS IntelliMedia Technology Group, Inc. ("NIVS" or
the "Company") (AMEX:NIV) are reminded that class action lawsuits
were filed on behalf of those who purchased common stock between
March 24, 2010, through March 25, 2011.
On March 24, 2011, NYSE Regulation, Inc., abruptly halted
trading in the common stock of NIVS. Then, on March 25, 2011, the
Company filed a Current Report with the SEC on Form 8-K that
disclosed the Audit Committee of the Board of Directors had
dismissed NIVS's independent auditor, MaloneBailey LLP.
According to the Company, MaloneBailey "based its resignation on
what it characterized [as] illegal acts involving the Company's
accounting records and bank statements and discrepancies in
accounts receivable."
If you purchased NIVS securities during the Class Period you
may, no later than May 30, 2011, file a motion with the Court to
appoint you lead plaintiff. A lead plaintiff is a
representative party that directs the litigation, and will be the
movant that the Court determines to have the largest financial
interest in the litigation with claims typical of those of other
class members and the ability to adequately represent the class.
Your share in any recovery will not be enhanced or diminished by
serving as a lead plaintiff. You do not need to be a lead plaintiff
to recover in a class action; you can recover as an absent class
member. You may retain Milberg LLP, or other attorneys, for this
action, but do not need to retain counsel to recover as an absent
class member. The complaint in this action was not filed by
Milberg.
Milberg LLP has been representing individual and institutional
investors for more than four decades and serves as lead counsel in
federal and state courts throughout the United States. Please visit
the Milberg website (www.milberg.com) for more information about
the firm. If you wish to discuss this matter with us, or have
any questions regarding this matter, please contact the following
attorney:
Andrei V. Rado, Esq. |
Milberg LLP |
One Pennsylvania Plaza, 49th Fl. |
New York, NY 10119-0165 |
Phone number: (800) 320-5081 |
Email: contactus@milberg.com |
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
CONTACT: Milberg LLP
(800) 320-5081
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