Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of China Agritech, Inc.
February 09 2011 - 7:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims on behalf of purchasers of the
securities of China Agritech, Inc. (“China Agritech” or the
“Company”) (NASDAQ:CAGC) concerning possible violations of federal
securities laws. China Agritech, through its subsidiaries,
manufactures and sells organic liquid compound fertilizers, organic
granular compound fertilizers and related agricultural products in
the People’s Republic of China.
The investigation is related to allegations that certain
statements issued by the Company between February 8, 2010 and
February 3, 2011, regarding China Agritech’s business, prospects
and financial performance were materially false and misleading. On
or about February 3, 2011, analyst firm LM Research published a
report alleging, among other things, that China Agritech has
misrepresented the scope of its operations and that the Company’s
financial statements filed with the U.S. Securities and Exchange
Commission were materially different than the financial statements
filed with Chinese authorities by certain of the Company’s
subsidiaries.
If you purchased China Agritech securities between February 8,
2010 and February 3, 2011, if you have information or would like to
learn more about these claims, 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
Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at 215-638-4847, Toll Free at 888-638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
www.howardsmithlaw.com.
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