NEW YORK, NY--(Marketwired - Nov 21, 2013) - The Rosen Law Firm, P.A. reminds investors in FAB Universal Corporation (
To join the FAB Universal class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq. or Kevin Chan, toll-free, at 866-767-3653; you may also email at email@example.com or firstname.lastname@example.org for information on the class action. The lawsuit is pending in the U.S. District Court for the Southern District of New York.
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 ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The lawsuit claims that FAB Universal and certain of its officers and directors made materially false and misleading statements and/or failed to disclose that: (a) the Company overstated the number of Intelligent Media Kiosks ("Kiosks") deployed in China; (b) its Kiosks were inundated with pirated digital media entertainment, and (c) a Company subsidiary issued RMB 100 million ($16.4 million) in bonds to Chinese investors. When these adverse facts entered the market, the value of FAB Universal securities declined, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than January 17, 2014. 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 Phillip Kim, Esq. or Kevin Chan 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://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.