Rosen Law Firm Files Class Action Against Tibet Pharmaceuticals, Inc. – TBET
May 26 2012 - 9:02AM
Business Wire
The Rosen Law Firm, P.A. today announced that it has filed a
class action lawsuit on behalf of investors who purchased the
securities of Tibet Pharmaceuticals, Inc. (“Tibet Pharma”) (OTC:
TBET) anytime after December 28, 2010 (the “Class Period”), seeking
to recover damages for violations of the federal securities
laws.
To join the Tibet Pharma class action, visit the firm’s website
at http://rosenlegal.com, or call Phillip Kim, Esq., toll-free, at
866-767-3653; you may also email pkim@rosenlegal.com for
information on the class action. 如果您講中文，請致電張律師212-686-1060，或電郵
szhang@rosenlegal.com, 獲取該集體訴訟案�的具體信息. The case filed by the Rosen
Law Firm is pending in the District Court for U.S. Virgin
Islands.
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.
The Complaint asserts violations of the federal securities laws
against Tibet Pharma, its officers and directors, and underwriters
for issuing inaccurate statements of material fact about the
Company’s true financial and business condition, which ultimately
caused the Tibet Pharma’s stock to be halted by the NASDAQ and
delisted, causing investors to lose nearly their entire investment.
The Complaint alleges defendants misrepresented and failed to
disclose material internal control deficiencies, which rendered the
Company’s registration statement and prospectus to be materially
false and misleading.
If you wish to serve as lead plaintiff, you must move the Court
no later than July 25, 2012. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, or to discuss your
rights or interests regarding this class action, please contact
Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at
866-767-3653, or via e-mail at pkim@rosenlegal.com. You may also
visit the firm’s website at http://www.rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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