CDM China Century Dragon Media Common Stock

Faruqi & Faruqi, LLP, a national law firm concentrating on investors rights, consumer rights and enforcement of federal antitrust laws, is investigating potential wrongdoing at China Century Dragon Media, Inc. (“China Century”) (AMEX: CDM). Faruqi & Faruqi, LLP seeks to determine whether China Century has violated federal securities laws by issuing false and misleading financial statements to its shareholders, in particular in connection with its May, 2010 private placement or its February, 2011 public offering of its common stock.

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One March 28, 2011, China Century disclosed that its independent auditor, MaloneBailey of Houston, had withdrawn its audit opinions for 2008 and 2009 and formally resigned, the American Stock Exchange had issued a delisting notice and the Securities and Exchange Commission (the “SEC”) was investigating. MaloneBailey cited discrepancies noted on customer confirmations and the auditor's inability to directly verify the bank records. The auditor believes that accounting irregularities that may create material errors in previously disclosed financial statements may indicate falsification of records. MaloneBailey’s resignation led AMEX to delist China Century’s common stock and the SEC to initiate a formal, nonpublic investigation into whether the Company had made material misstatements or omissions concerning its financial statements, including cash accounts and accounts receivable. The SEC has served a subpoena for documents on China Century. In response, China Century’s Board claims to have formed a special committee to investigate these matters.

Take Action

If you purchased China Century (CDM) securities either in its May, 2010 private placement or any time before China Century’s March 28, 2011 announcement and you would like to discuss your legal rights, Faruqi & Faruqi, LLP urges you to visit us at www.faruqilaw.com/CDM or contact us by calling or sending an e-mail to Anthony Vozzolo at Faruqi & Faruqi, LLP, toll free, at 877-247-4292 or 212-983-9330 or avozzolo@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding China Century’s conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others.

About Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP is a boutique law firm, representing investors, consumers and companies in the prosecution of claims under state corporate and consumer laws and the federal securities and antitrust laws. The firm is focused on providing exemplary legal services in complex litigation. Founded in 1995, the firm maintains its principal office in New York City, with offices in Delaware, California, Florida and Pennsylvania. The lawyers at Faruqi & Faruqi, LLP have demonstrated a clear commitment to championing the rights of shareholders and consumers nationwide.

(AMEX: CDM)

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China Century Dragon Media Common Stock (AMEX:CDM)
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China Century Dragon Media Common Stock (AMEX:CDM)
Graphique Historique de l'Action
De Fév 2024 à Fév 2025