Bronstein, Gewirtz & Grossman, LLC Announces Investigation of
Longwei Petroleum Investment Holding Limited
NEW YORK, Jan. 3, 2013 /PRNewswire/ -- Bronstein,
Gewirtz & Grossman, LLC is investigating potential claims on
behalf of purchasers of the securities of Longwei Petroleum
Investment Holding Limited ("Longwei" or the Company) (NYSE MKT:
LPH). The investigation focuses on whether the Companies and
their executives violated federal securities laws.
On January 3, 2013, shares of the
Longwei plummeted $1.68 or 72% to
trade at $0.62 during intraday
trading upon a report by Geoinvesting.com alleging that the company
exaggerated its main Taiyuan and Gujiao facilities' November 2012 sales as well as failing to
disclose an investment of $32 million
in a Tourism business made by its subsidiary Shanxi Zhonghe Energy
Conversion Co., Ltd.
If you are aware of any facts relating to this investigation, or
purchased shares of Longwei, you can assist this investigation by
contacting either Peretz Bronstein
or Eitan Kimelman of Bronstein,
Gewirtz & Grossman, LLC at 212-697-6484 or via email
eitan@bgandg.com. Those who inquire by e-mail are encouraged to
include their mailing address and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
eitan@bgandg.com
SOURCE Bronstein, Gewirtz & Grossman, LLC