|[July 15, 2014]
EQUITY ALERT: The Rosen Law Firm Files Securities Class Action Lawsuit Against China XD Plastics Company Ltd.
NEW YORK --(Business Wire)--
The Rosen Law Firm announces that it has filed a class action lawsuit on
behalf of purchasers of the common stock of China XD Plastics Company
Ltd. (Nasdaq:CXDC) between August 12, 2009 and July 10, 2014, asserting
violations of the federal securities laws and seeking to recover losses
of China XD Plastics shareholders.
To join the China XD class action, visit the firm's website at http://rosenlegal.com,
or call Phillip Kim or Kevin Chan toll-free at 866-767-3653; you may
also email email@example.com
or firstname.lastname@example.org for
information on the class action. The lawsuit filed by the firm is
pending in the U.S. District Court for the Southern District of Ne York.
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 CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
According to the suit, China XD overstated its revenue and net income in
its quarterly and annual reports issued to U.S. investors. On July 10,
2014, Bleecker Street Research released a report asserting that China XD
Plastics had filed reports with regulators in China that showed
materially smaller amounts of revenue and net income for fiscal years
2010, 2011 and 2012, than reported in its SEC (News - Alert) filings. In addition, the
report asserts that China XD Plastics' gross margins are unbelievably
high relative to its competitors, and that its CFO has been linked to an
embarrassing financial fraud at another Chinese public company. This
adverse information caused the price of China XD stock to drop, damaging
If you wish to serve as a lead plaintiff, you must move the Court no
later than September 15, 2014. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, please visit the firm's
website at http://rosenlegal.com.
To discuss your rights or interests regarding this class action, please
contact Phillip Kim or Kevin Chan of The Rosen Law Firm, toll-free, at
866-767-3653, or via e-mail at email@example.com
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
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