SOURCE: Levi & Korsinsky LLP

Levi & Korsinsky LLP

July 05, 2011 15:46 ET

The Law Firm of Levi & Korsinsky, LLP Announces Class Action Lawsuit Against Yuhe International, Inc. and Notifies Investors the Lead Plaintiff Deadline is August 23, 2011

NEW YORK, NY--(Marketwire - Jul 5, 2011) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Yuhe International, Inc. ("Yuhe" or "the Company") (NASDAQ: YUII) who purchased between December 31, 2009 and June 17, 2011.

For more information, click here: http://www.zlk.com/yuhe-international-yuii.

The complaint alleges that during the Class Period, Yuhe, a supplier of day-old chickens, violated federal securities laws by issuing false and misleading statements regarding (a) the purported acquisition of 13 breeder farms and (b) the financial results for the fiscal years ended 2009 and 2010.

In a June 17, 2011 letter to the Yuhe Audit Committee, the Company's independent auditor resigned, citing "management's misrepresentation and failure to disclose material facts surrounding certain acquisition transactions and off balance sheet related party transactions." Furthermore, the auditor indicated that Yuhe's financial statements for the year ending December 31, 2010 should no longer be relied upon. Following this letter, NASDAQ suspended trading of the Company's stock.

If you are a member of the class and suffered a loss in Yuhe stock, you have until August 23, 2011 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff. To obtain additional information about your rights, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://www.zlk.com/.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 15th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com