NEW YORK, Dec. 16, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased Pingtan Marine Enterprise Ltd. ("Pingtan" or the "Company") (Nasdaq:PME) securities between May 14, 2013 and November 6, 2014.
For more information, click here: http://zlk.9nl.com/pingtan-marine-enterprise-pme.
The complaint alleges that Pingtan failed to disclose during the Class Period that the Company failed to properly account for 20 fishing vessels leased from a related party, resulting in materially false and misleading financial statements.
If you suffered a loss in Pingtan you have until January 23, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/pingtan-marine-enterprise-pme.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.