Corrected Press Release: Gainey & McKenna and the Egleston Law Firm Correct the Previous Press Release That Named Frost, PLLC...
April 25 2012 - 8:48AM
Gainey & McKenna and the Egleston Law Firm issue a corrected
press release announcing that Frazer Frost, LLP is not presently
known as Frost, PLLC.
A class action was commenced on behalf of an investor in the
United States District Court for the Southern District of New York
on behalf of purchasers of the common stock of China Natural Gas,
Inc. ("China Natural" or the "Company") (OTC: CHNG.PK) between
March 10, 2010 and September 21, 2011, inclusive (the "Class
Period"), seeking to pursue remedies under the Securities Exchange
Act of 1934 (the "Exchange Act").
The Complaint alleges that, during the Class Period, as revealed
through the restatements of the Company's 2009 and 2010 year-end
financial statements, and the Company's 2010 and 2011 interim
financial statements, Frazer Frost, LLP and Friedman, LLP (alleged
auditors of the Company's financial statements during the Class
Period) materially misstated the Company's financial position and
materially misstated facts regarding related party and other
transactions.
If you wish to serve as lead plaintiff, you must move the Court
no later than 60 days from today. If you wish to discuss this
action or have any questions concerning this notice or your rights
or interests, please contact plaintiff's counsel, Thomas J.
McKenna, Esq. of Gainey & McKenna at (212) 983-1300, or via
e-mail at tjmckenna@gaineyandmckenna.com or Gregory M. Egleston,
Esq. of the Egleston Law Firm at (212) 683-3400, or via e-mail at
egleston@gme-law.com. Any member of the putative class may move the
Court to serve as lead plaintiff through counsel of their choice,
or may choose to do nothing and remain an absent class member.
Plaintiff seeks to recover damages on behalf of all purchasers
of China Natural common stock during the Class Period (the
"Class"). The plaintiff is represented by Gainey & McKenna and
the Egleston Law Firm (http://www.gme-law.com), whose attorneys
have decades of experience in prosecuting securities class actions
and investor class actions throughout the United States.
CONTACT: Thomas J. McKenna, Esq.
Gainey & McKenna
(212) 983-1300
tjmckenna@gaineyandmckenna.com
Gregory M. Egleston, Esq.
Egleston Law Firm
(212) 683-3400
egleston@gme-law.com
China Natural Gas (CE) (USOTC:CHNGQ)
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