Faruqi & Faruqi, LLP Investigates Potential Wrongdoing at China Intelligent Lighting and Electronics, Inc.

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 Intelligent Lighting and Electronics, Inc. (“China Intelligent Lighting” or the “Company”) (AMEX: CIL). Faruqi & Faruqi, LLP, seeks to determine whether China Intelligent Lighting has violated federal securities laws by issuing false and misleading financial statements to its shareholders, in particular in connection with its recent public offering of its common stock.

Request more information now by clicking here: www.faruqilaw.com/CIL

On March 29, 2011, China Intelligent Lighting disclosed that its independent auditor, MaloneBailey LLP (“MaloneBailey”), had formally resigned, AMEX had issued a delisting notice and the Securities and Exchange Commission (the “SEC”) was investigating the Company. MaloneBailey cited accounting fraud involving forging of the Company’s accounting records and bank statements. The auditor believes that accounting irregularities may create material errors in previously disclosed financial statements and that they can no longer support its opinion relating to the Company’s financial statements for the year ended December 31, 2009. MaloneBailey’s resignation led AMEX to delist China Intelligent Lighting’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. On March 24, 2011, the SEC has served a subpoena for documents on China Intelligent Lighting relating to matters under review by the SEC. In response, China Intelligent Lighting’s Board of Directors formed a special committee to investigate these matters.

Take Action

If you purchased China Intelligent Lighting (CIL) securities either in its private placement or any time before China Intelligent Lighting’s March 29, 2011 announcement and you would like to discuss your legal rights, visit www.faruqilaw.com/CIL 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 Intelligent Lighting’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.

Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

China Intelligent Lighting And Electronics Common Stock (AMEX:CIL)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024