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Rosen Law Firm Representing Shareholders in Securities Class Action Charging China Valves Technology, Inc. With Securities Fraud -- CVVT

NEW YORK, March 11, 2011 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. is representing shareholders in the securities class action arising from allegations that China Valves Technology, Inc. (Nasdaq:CVVT) concealed management self-dealing in certain of its acquisitions. The class action is on behalf of purchasers of China Valves Technology stock during the period from January 12, 2010 through January 13, 2011.
/ Source: GlobeNewswire

NEW YORK, March 11, 2011 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. is representing shareholders in the securities class action arising from allegations that China Valves Technology, Inc. (Nasdaq:CVVT) concealed management self-dealing in certain of its acquisitions. The class action is on behalf of purchasers of China Valves Technology stock during the period from January 12, 2010 through January 13, 2011.

To join the China Valves class action, visit the firm's website at , or call Laurence Rosen, Esq. or Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action.

The Complaint alleges that certain China Valves officers and directors concealed their personal self-interest in the Company's acquisitions of Able Delight (Changsha) Valve Co. and Shanghai Pudong Hanwei Valve Co., Ltd. Specifically, that defendants concealed that both acquisitions involved payments to entities or persons that were related to management in violation of generally accepted accounting principles and SEC rules. The Complaint also alleges that Defendants materially overstated the financial condition and business prospects of the acquired companies. When the market learned of this adverse information, the price of China Valves stock dropped, damaging investors.

If you wish to serve as lead plaintiff, you must move the Court no later than April 5, 2011.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com. You may also visit the firm's website at .

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. You may choose to do nothing at this point and remain an absent class member.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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CONTACT: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm P.A. 275 Madison Avenue, 34th Floor New York, New York 10016 (212) 686-1060 Weekends Tel: (917) 797-4425 Toll Free: 1-866--767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com pkim@rosenlegal.com www.rosenlegal.com