The Rosen Law Firm Reminds Investors of Important Deadline in Securities Class Action Against JBI, Inc. -- JBII
August 20 2011 - 10:19PM
The Rosen Law Firm, P.A. reminds investors of the important
September 26, 2011 lead plaintiff deadline in the securities class
action on behalf of purchasers of JBI, Inc. stock during the period
from August 28, 2009 through July 20, 2011. You can join the class
action and seek to recover your investment losses.
To join the JBI class action, visit the firm's website at
http://www.rosenlegal.com, or call Jonathan Horne, Esq., toll-free,
at 866-767-3653; you may also email jhorne@rosenlegal.com for
information on the class action.
The Complaint alleges that JBI materially overstated its income
in connection with its acquisition of JavaCo, Inc. in 2009. On May
21, 2010, JBI disclosed that its previously issued financial
statements for the 2009 fiscal year and third quarter should no
longer be relied upon. On July 14, 2011, the Securities and
Exchange Commission advised the Company that it was recommending
enforcement action against it and possibly one or more of its
former officers as a result of the Company having issued materially
inaccurate financial statements.
News that JBI was required to restate its financial statements
and was subject to an SEC enforcement action for violation of the
federal securities laws has caused its stock price to drop
substantially, damaging investors.
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.
You may participate in the securities class action lawsuit to
recover your investment losses. If you purchased JBI stock, please
visit the website at http://rosenlegal.com to participate in
the class action and to obtain more information. You may also
contact Jonathan Horne of The Rosen Law Firm toll free at
866-767-3653 or via e-mail at or jhorne@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
CONTACT: Jonathan Horne
Laurence Rosen, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: 212-686-1060
Weekends Tel: 917-797-4425
Toll Free: 1-866-767-3653
Fax: 212-202-3827
jhorne@rosenlegal.com
lrosen@rosenlegal.com
www.rosenlegal.com
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