Faruqi & Faruqi, LLP Announces Investigation of Jiangbo Pharmaceuticals, Inc.
July 21 2011 - 4:02PM
Business Wire
Faruqi & Faruqi, LLP, a national law firm concentrating on
investor rights, consumer rights and enforcement of federal
antitrust laws, is investigating potential wrongdoing at Jiangbo
Pharmaceuticals, Inc. (“JGBO” or the “Company”) (NASDAQ: JGBO).
Faruqi & Faruqi, LLP seeks to determine whether JGBO and
certain of its officers violated the federal securities laws by
making false and misleading statements to the Company’s
shareholders.
Request more information now by clicking here:
www.faruqilaw.com/JGBO
Specifically, the investigation concerns: (1) the Company’s
receipt of a subpoena from the U.S. Securities and Exchange
Commission on March 26, 2011; (2) the resignation of Audit
Committee members Michael Marks and John Wang in response to the
Company’s stonewalling of the investigation that resulted from the
subpoena; and (3) the sufficiency of the Company’s internal
controls and financial statements.
Take Action
If you own JGBO securities or if you purchased JGBO securities
and you would like to discuss your legal rights, visit
www.faruqilaw.com/JGBO. You can also contact us by calling Anthony
Vozzolo toll free at 877-247-4292 or at 212-983-9330 or by sending
an email to avozzolo@faruqilaw.com. Faruqi & Faruqi, LLP also
encourages anyone with information regarding JGBO’s conduct during
the period in question to contact the firm, including
whistleblowers, former employees, shareholders and others.
About Faruqi & Faruqi, LLP
Faruqi & Faruqi, LLP is a national law firm, representing
investors, consumers and companies in the prosecution of claims
under state corporate and consumer laws and the federal securities
and antitrust laws. The firm is focused on providing exemplary
legal services in complex litigation. Founded in 1995, the firm
maintains its principal office in New York City, with offices in
Delaware, California, Florida and Pennsylvania. The lawyers at
Faruqi & Faruqi, LLP have demonstrated a clear commitment to
championing the rights of shareholders and consumers
nationwide.
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