Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against China Energy Savings Technology, In
May 03 2006 - 5:32PM
PR Newswire (US)
OKLAHOMA CITY, May 3 /PRNewswire/ -- On May 1, 2006, a class action
lawsuit was filed in the United States District Court for the
Southern District of New York against China Energy Savings
Technology, Inc. (NASDAQ:CESV). 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 April 21, 2005 through February 15, 2006.
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 Friday, June 30, 2006, 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: William B. Federman FEDERMAN & SHERWOOD 120 N.
Robinson, Suite 2720 Oklahoma City, OK 73102 (405) 235-1560/FAX:
(405) 239-2112 Email to: - http://www.federmanlaw.com/ DATASOURCE:
Federman & Sherwood CONTACT: William B. Federman of Federman
& Sherwood, +1-405-235-1560, or fax, +1-405-239-2112, or Web
site: http://www.federmanlaw.com/
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