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Law Offices of Howard G. Smith Announces Class Action Lawsuit
Law Firm News |
2011/08/23 12:10
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Law Offices of Howard G. Smith announces that a class action lawsuit has been filed against SinoTech Energy Limited (“SinoTech” or the “Company”) (NASDAQ:CTE - News) in the United States District Court for the Southern District of New York on behalf of a class consisting of all persons who purchased American Depository Shares (“ADSs”) of SinoTech pursuant and/or traceable to the Company’s Registration Statement and Prospectus issued in connection with the Company’s initial public offering (the “IPO”) on November 3, 2010, including open-market purchasers of SinoTech ADSs between November 3, 2010 and August 16, 2011, inclusive (the “Class Period”).
The Complaint charges SinoTech, certain of the Company’s current and former executive officers and directors, and the underwriters of its IPO with violations of the Securities Act of 1933. SinoTech provides enhanced oil recovery services to oil companies in the People's Republic of China. The Complaint alleges that certain representations made in the Company’s Registration Statement and Prospectus issued in connection with the IPO were materially inaccurate. Specifically, the Complaint alleges that the Company’s reported sales and revenues were materially inaccurate, because the nature, size and scope of the Company’s business was materially exaggerated.
On August 16, 2011, a research report was published on the Internet questioning SinoTech’s previously issued financial statements and future prospects. The report alleged that: (1) SinoTech’s sole import agent, accounting for over $100 million worth of oil drilling equipment orders, appears to be an empty shell company with no sign of operation, a limited import history and negligible revenue base; (2) the Company’s only chemical supplier is an empty shell company, with little or no revenues; (3) the Company’s five largest subcontracting customers, which provide the vast majority of SinoTech’s revenues, appear to be shell companies with unverifiable operations with minimal revenues; (4) the financial statements SinoTech issued in the United States are inconsistent with similar filings the Company made in China; and (5) the Company has engaged in undisclosed related-party transactions.
On this news, ADSs of SinoTech declined more than 40%, to close on August 16, 2011, at $2.35 per share. Thereafter, NASDAQ halted trading of the Company’s stock.
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. If you purchased ADSs of SinoTech between November 3, 2010 and August 16, 2011, you have certain rights, and have until October 18, 2011, to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice.
If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at (888)638-4847, by email to howardsmith@howardsmithlaw.com or visit our website at http://www.howardsmithlaw.com. |
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Los Angeles Estate Planning Attorneys - Pettler & Miller LLP
Law Firm News |
2011/07/07 10:34
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The emphasis of our practice is in the area of probate and trust law. This includes advice, document drafting as well as any required or appropriate litigation. We handle Estate Planning, Probate, Trust Administration, Conservatorships, Guardianships and Probate/Trust and related Litigation.
We also are pleased to have the assistance of Family Law Mediator Dianne C. Freeman in regard to family law issues which are pertinent to Estate Planning, Probate and Trust matters.
We represent individuals, private professional fiduciaries as well as banks and trust companies.
We provide the personalized service of a small firm with the ability to custom draft documents combined with representation in court proceedings and litigation. The two complement each other to give us invaluable insight for our clients in both areas of endeavor.
Our firm is firmly entrenched in the community, having been in this area in some form since 1935. We believe in supporting the court system and the community. Our firm members are active in various legal, community and charitable organizations.
Pettler & Miller LLP
3465 Torrance Blvd., Suite D
Torrance, CA 90503
Tel: (310) 543-1616
Fax: (310) 543-5019
http://www.pettlermillerlaw.com |
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Ballard Spahr says Stewart new chair of national law firm
Law Firm News |
2011/07/06 13:42
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Law firm Ballard Spahr LLP says that Mark Stewart, who helped the firm open six new offices, has been named its chair.
The law firm — its headquarters are in Philadelphia — said Stewart became chair on Friday, succeeding Arthur Makadon who took the position in 2002. He is returning to active practice with the firm.
Stewart joined the firm as a summer associate in 1981.
Ballard Spahr has more than 475 lawyers in 13 offices across the U.S. and offers litigatition, business and finance, real estate, intellectual propery and public finance services. |
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The Law Offices of George Zelma & David Berlin
Law Firm News |
2011/06/03 08:03
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Attorneys George Zelma and David Berlin are experienced trial lawyers and advocates serving the needs of families and children in New York State.
Our firm is involved in cutting edge issues including production of documentary films to educate mainstream students about the needs of special education peers.
We are unique in that we bring the point of view of the disabled child/student to the IEP process in advocating for the appropriate services to meet each student’s individual educational and emotional needs. We represent families at Impartial Hearings to State Review Office and Federal Court.
We also represent students at Suspension Hearings and Manifestation Reviews and Hearings. Our attorneys and advocates are knowledgeable, in presenting facts related to neuroscience and neuropsychological evaluations. We work with students with all ranges of I.D.E.A. and Section 504 classifications and disabilities.
Practice Areas
- Special Education
- Criminal Defense
- Civil Litigation
The Law Offices of George Zelma and David Berlin
888 Seventh Avenue, 45th Floor
New York, NY 10106
www.specialedlawfirm.com
Telephone: 212-247-4650 and 212-769-4422
Facsimile: 212-757-2863 or 212-757-0469 |
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Law Offices of Anthony J. Mamo, Jr., PLLC
Law Firm News |
2011/06/01 18:24
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Anthony J. Mamo, Jr.
Prinicpal Attorney
Law Offices of Anthony J. Mamo, Jr., PLLC
Tel (914) 631-5050
Fax (914) 703-6466
Cell (914) 424-7025
Mr. Mamo attended Gettysburg College and graduated from Seton Hall University School of Law in 1991.
Following law school, Mr. Mamo spent a year as a Judicial Law Secretary watching and learning from some of the best lawyers and judicial scholars in the area. He then began working for a large law firm representing insurance companies and large corporations and was trying cases after just his first year out of law school.
After years of representing the insurance industry and in the wake of September 11th, Mr. Mamo made the decision to start a law practice dedicated to the representation of people and small businesses rather than insurance companies and large corporations and formed his predecessor firm of Medina, Torrey, Mamo & Camacho which grew to include offices in Connecticut, New Jersey and Puerto Rico.
Over the past 20 years, Mr. Mamo has developed a reputation as a tough but compassionate attorney known for fighting for the rights of his client’s. He has successfully recovered millions of dollars in personal injury verdicts and settlements, has successfully represented clients in Civil RICO, Sexual Harassment and Police Assault matters and has defended dozens of felony, misdemeanor and DWI matters achieving positive results for each of his clients.
Mr. Mamo has developed an expertise in representing individuals, businesses and physicians in claims against Insurance Companies. He has also become well known as a leading advocate for the Automobile Collision Repair Industry and represents several Auto Body Collision Repair facilities in and around New York.
http://www.mamolawfirm.com
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Phillips Lytle plans move to Donovan
Law Firm News |
2011/05/18 16:51
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Law firm Phillips Lytle LLP confirmed Tuesday it has selected the former Donovan State Office Building as its lead choice for relocating, with Benderson Development Co. as the developer and the firm occupying about half of the building.
David McNamara, the firm's managing partner, said Benderson will be submitting an "adaptive re-use" proposal to the Erie Canal Harbor Development Corp. to convert the aging, vacant building at 125 Main St. into the law firm's new headquarters.
The plan comes in response to a request for proposals for Donovan issued by the harbor panel May 2. Responses are due by 4 p.m. June 30, with the preferred developer to be designated by July 18. The project must be completed by Jan. 1, 2014.
Eric Recoon, Benderson's vice president of leasing and development for the Northeast, confirmed the developer's plans but said he couldn't put a dollar value on it at this time. |
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