NEW YORK, Sept. 25, 2010 (GLOBE NEWSWIRE) -- The Rosen Law Firm today announced that a class action has been commenced on behalf of all persons or entities who purchased the securities of Duoyuan Printing, Inc. ("Duoyuan Printing" or the "Company") (NYSE:DYP) during the period from November 6, 2009 through September 13, 2010 (the "Class Period").
To join the Duoyuan Printing class action, visit the firm's website at http://www.rosenlegal.com, or call Laurence Rosen, Esq. or Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email email@example.com or firstname.lastname@example.org for information on the class action.
The complaint alleges violations of the federal securities laws by Duoyuan Printing and certain of its present and former officers and directors. Particularly, the complaint asserts that defendants made false or misleading statements and failed to disclose (a) that the legitimacy of certain of the Company's expenses related to advertising and tradeshow costs could not be verified; (b) that Duoyuan Paper had improper relationships with certain vendors and distributors; (c) that, as a result, the Company's financial results were misstated during the Class Period; (d) that the Company lacked adequate internal and financial controls; and (e) that, as a result of the above, the Company's financial statements were materially false and misleading.
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.
You may access the website at http://www.rosenlegal.com to participate in the proposed class action.
If you wish to serve as lead plaintiff, you must move the Court no later than November 19, 2010. 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 Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at email@example.com or firstname.lastname@example.org. 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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CONTACT: The Rosen Law Firm P.A. Laurence Rosen, Esq. email@example.com Phillip Kim, Esq. firstname.lastname@example.org (212) 686-1060 1-866-767-3653 Weekends: (917) 797-4425 Fax: (212) 202-3827 www.rosenlegal.com 350 5th Avenue, Suite 5508 New York, New York 10118