SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

December 02, 2014 16:00 ET

INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in China Gerui Advanced Materials Group Ltd. (CHOP) to Contact the Firm

NEW YORK, NY--(Marketwired - December 02, 2014) - Faruqi & Faruqi, LLP, a leading national securities law firm, notifies investors in China Gerui Advanced Materials Group Ltd. ("China Gerui" or the "Company") (NASDAQ: CHOP) of the opportunity to seek the role of lead plaintiff in a federal securities class action lawsuit filed against China Gerui and certain executives and directors.

A complaint has been filed in the Southern District of New York on behalf of all persons who purchased China Gerui securities from January 11, 2012 through September 4, 2014, inclusive (the "Class Period").

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period, China Gerui made false and/or misleading statements that: (i) the Company's goals for growth included introducing new products and identifying new markets; and (ii) China Gerui had significant cash reserves.

On September 4, 2014, the Company announced that it had purchased a collection of antique Chinese porcelain for a cash consideration of $234 million.

Following this news, the price of China Gerui's stock declined by $0.12, or nearly 20%, to close at $0.49 on September 4, 2014.

Request more information now by clicking here: www.faruqilaw.com/CHOP. There is no cost or obligation to you.

Take Action

If you invested in China Gerui stock or options between January 11, 2012 through September 4, 2014, and would like to discuss your legal rights, visit www.faruqilaw.com/CHOP. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding China Gerui's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

Attorney Advertising. 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 welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

Contact Information

  • FARUQI & FARUQI, LLP
    369 Lexington Avenue, 10th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    rgonnello@faruqilaw.com
    Telephone: (877) 247-4292 or (212) 983-9330