NEW YORK, Sept. 16, 2010 (GLOBE NEWSWIRE) -- The Rosen Law Firm today announced that it has commenced an investigation into allegations that Duoyuan Printing, Inc. ("Duoyuan Printing" or the "Company") (NYSE:DYP) may have violated the federal securities laws by issuing false and misleading statements to investors about its business and financial condition.
On September 13, 2010 the Company announced that it was dismissing its independent auditor Deloitte Touche Tohmatsu ("Deloitte"). The announcement also revealed that the Company's CEO, CFO and certain members of the Company's board of directors resigned following the termination of Deloitte as the Company's auditor. This adverse news caused the Company's stock to lose more than half of its value.
As a result of these allegations, the Rosen Law Firm is preparing a class action lawsuit on behalf of investors who suffered losses purchasing Duoyuan Printing stock on the open market or through the Company's initial public offering on November 6, 2009.
You may access the website at http://www.rosenlegal.com to participate in the proposed class action.
If you purchased Duoyuan Printing securities and would like further information concerning your legal rights or your ability to recover your investment losses, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com or visit the website at www.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.