Gainey & McKenna and the Egleston Law Firm File Class Action Suit Against the Auditors of China Natural Gas, Inc. -- CHNG
21 Aprile 2012 - 12:30AM
Gainey & McKenna and the Egleston Law Firm today announced that
a class action has been commenced on behalf of an investor in the
United States District Court for the Southern District of New York
on behalf of purchasers of the common stock of China Natural Gas,
Inc. ("China Natural" or the "Company") (Pink Sheets:CHNG) between
March 10, 2010 and September 21, 2011, inclusive (the "Class
Period"), seeking to pursue remedies under the Securities Exchange
Act of 1934 (the "Exchange Act").
If you wish to serve as lead plaintiff, you must move the Court
no later than 60 days from today. If you wish to discuss this
action or have any questions concerning this notice or your rights
or interests, please contact plaintiff's counsel, Thomas J.
McKenna, Esq. of Gainey & McKenna at (212) 983-1300, or via
e-mail at tjmckenna@gaineyandmckenna.com or Gregory M. Egleston,
Esq. of the Egleston Law Firm at (212) 683-3400, or via e-mail at
egleston@gme-law.com. Any member of the putative class may move the
Court to serve as lead plaintiff through counsel of their choice,
or may choose to do nothing and remain an absent class member.
The Complaint alleges that, during the Class Period, as revealed
through the restatements of the Company's 2009 and 2010 year-end
financial statements, and the Company's 2010 and 2011 interim
financial statements, Frazer Frost, LLP (now known as Frost, PLLC)
and Friedman, LLP (the auditors of the Company's financial
statements during the Class Period) materially misstated the
Company's financial position and materially misstated facts
regarding related party and other transactions.
Plaintiff seeks to recover damages on behalf of all purchasers
of China Natural common stock during the Class Period (the
"Class"). The plaintiff is represented by Gainey & McKenna and
the Egleston Law Firm (http://www.gme-law.com), whose attorneys
have decades of experience in prosecuting securities class actions
and investor class actions throughout the United States.
CONTACT: Thomas J. McKenna, Esq.
Gainey & McKenna
(212) 983-1300
tjmckenna@gaineyandmckenna.com
Gregory M. Egleston, Esq.
Egleston Law Firm
(212) 683-3400
egleston@gme-law.com
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