NEW YORK, July 14, 2011 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. reminds investors of the important August 1, 2011 lead plaintiff deadline in the securities class action filed by the firm. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you purchased the securities of Wonder Auto Technology, Inc. (Nasdaq:WATG) during the period from May 14, 2008 to May 6, 2011, you should contact the Rosen Law Firm for more information about the importance of serving as lead plaintiff.
To join the Wonder Auto class action, visit the Rosen Law Firm's website at http://www.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.
The Complaint asserts violations of the federal securities laws against Wonder Auto and its officers and directors for issuing false and misleading information to investors about the financial and business condition of the Company. Namely, the Complaint alleges that: (1) the Company improperly recognized revenue because Wonder Auto's subsidiaries improperly recorded its sales and costs of sales; (2) the Company failed to properly disclose the related-party nature of certain transactions; (3) the Company lacked adequate internal and financial controls; and (4) as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times.
If you wish to serve as lead plaintiff, you must move the Court no later than August 1, 2011. 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.
Attorney Advertising. Prior results do not guarantee a similar outcome.