Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against NIVS IntelliMedia Technology Group,
March 30 2011 - 3:54PM
Marketwired
On March 29, 2011, a class action lawsuit was filed in the United
States District Court for the Central District of California
against NIVS IntelliMedia Technology Group, Inc. (NYSE Amex: NIV).
The complaint alleges violations of federal securities laws,
Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and
Rule 10b-5, including allegations of issuing a series of material
misrepresentations to the market which had the effect of
artificially inflating the market price. The class period is from
March 24, 2010 through March 25, 2011.
Plaintiff seeks to recover damages on behalf of the Class. If
you are a member of the Class as described above, you may move the
Court no later than Tuesday, May 31, 2011, to serve as a lead
plaintiff for the Class. However, in order to do so, you must meet
certain legal requirements pursuant to the Private Securities
Litigation Reform Act of 1995.
If you wish to discuss this action, participate in this or any
other lawsuit, or have any questions or concerns regarding this
notice, or preservation of your rights, please contact:
K. Lynn Nunn FEDERMAN & SHERWOOD 10205 North Pennsylvania
Avenue Oklahoma City, OK 73120 (405) 235-1560 Email to:
kln@federmanlaw.com www.federmanlaw.com
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