NEW YORK, March 9, 2013 (GLOBE NEWSWIRE) -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that a a class action lawsuit on behalf of investors who purchased common stock of Deer Consumer Products, Inc. (DEER) from March 2, 2010 to March 21, 2011 (the "Class Period") has been filed seeking remedies under the federal securities laws.
The Complaint alleges that Goldman Kurland and Mohidin, LLP, Deer's auditor, falsely stated that Deer's financial statements in its 2009 and 2010 10-Ks comported with U.S. Generally Accepted Accounting Principles. In reality, Deer's revenues were overstated. On March 9, 14, and 21, 2011, analyst Alfred Little issued a series of reports disclosing defendants' alleged fraud, which caused the stock price to drop, damaging investors.
If you purchased shares of DEER from March 2, 2010 through March 21, 2011 and suffered significant losses please contact us toll free at 1-877-772-3975 or email at contact @ tripplevy
The lawsuit is seeking the recovery of losses for shareholders who purchased during this time period.
Would it really do any good to call if you already sold (at a loss)? Good luck trying to recover anything. If I thought I could get $$$ from selling at a huge loss, I'd look into it. Outlook does not appear promising to me.