DENVER, Feb. 8, 2011 (GLOBE NEWSWIRE) -- Dyer & Berens LLP (), an investor rights law firm, is investigating potential securities law violations on behalf of stockholders who purchased China Agritech, Inc. (Nasdaq:CAGC) securities between February 8, 2010 and February 3, 2011.
On or about February 3, 2011, LM Research issued a report alleging, among other things, that China Agritech "has grossly inflated its revenue, failed to account for tens of millions of investor dollars, and now has virtually no product in the market." The report also noted a number of potential red flags of fraud within the company. These allegations of serious misconduct caused the company's stock price to drop, damaging investors. Thereafter, China Agritech responded to the report, calling the allegations "misleading."
If you have information regarding this matter, or purchased CAGC stock between February 8, 2010 and February 3, 2011, you are encouraged to contact Jeffrey A. Berens, Esq. at (888) 300-3362 x302 or via email at jeff@dyerberens.com.
Dyer & Berens LLP has expertise in prosecuting investor lawsuits involving financial fraud. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors.
CONTACT: Jeffrey A. Berens Dyer & Berens LLP 303 East 17th Avenue, Suite 300 Denver, CO 80203 Tel: (888) 300-3362 x302 Email: jeff@dyerberens.com Website: www.DyerBerens.com