Law Offices of Howard G. Smith, Representing Investors of China Agritech, Inc., Announces 15 Days Remaining to Move for Appointm
March 28 2011 - 9:35PM
Law Offices of Howard G. Smith, representing investors of China
Agritech, Inc., announces there are 15 days remaining before the
April 12, 2011 deadline to file a motion to be a lead plaintiff in
the class action lawsuit filed on behalf of purchasers of China
Agritech, Inc. ("China Agritech" or the "Company") (Nasdaq:CAGC)
securities between February 8, 2010 and February 3, 2011, inclusive
(the "Class Period"). The shareholder lawsuit is pending in the
United States District Court for the Central District of
California.
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 Complaint alleges that the defendants
issued false and/or misleading statements and/or failed to disclose
that, among other things: (1) certain of the Company's
manufacturing facilities were idle or producing far less fertilizer
than the Company portrayed; (2) the Company did not have the
equipment to support its claimed production capacity; (3) the
Company did not receive a license to manufacture granular compound
fertilizer; (4) the Company had misrepresented its fertilizer
production levels and sales; and (5), as a result of the foregoing,
the Company's statements were materially false and misleading at
all relevant times.
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. If you purchased China Agritech securities between
February 8, 2010 and February 3, 2011, you have certain rights and
have until April 12, 2011 to move for lead plaintiff status. To be
a member of the class you need not take any action at this time,
and you may retain counsel of your choice. If you wish to discuss
this action or have any questions concerning this Notice 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, by email to
howardsmith@howardsmithlaw.com or visit our website at
http://www.howardsmithlaw.com.
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
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