|[May 07, 2014]
Guanwei Recycling Corp. Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP is investigating potential claims against
the Board of Directors of Guanwei Recycling Corp. ("Guanwei" or the
"Company") (NASDAQ:GPRC) related to fraud charges brought against stock
promoter S. Paul Kelley ("Kelley") and certain of his associates by the
Securities and Exchange Commission ("SEC (News - Alert)").
This investigation concerns whether the Board of Directors of Guanwei
breached their fiduciary duties to stockholders by allowing Kelley to
acquire control of the Company so that it could be used as a shell
company to conceal assets held by Kelley and his associates. The SEC
alleges that Kelly manipulated the Company's share price and sold
several million dollars worth of stock at artificially inflated prices.
If you are a shareholder of GPRC, if you have information or would like
more about our investigation, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Louis
Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, CA (News - Alert) 90067, by telephone at (310) 201-9150
or Toll Free at (888) 773-9224 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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