SOURCE: Rosen Law Firm, P.A.

Rosen Law Firm, P.A.

July 16, 2011 11:11 ET

The Rosen Law Firm Representing Jiangbo Shareholders Files Securities Fraud Class Action Against Jiangbo Pharmaceuticals, Inc. -- JGBO

NEW YORK, NY--(Marketwire - Jul 16, 2011) - The Rosen Law Firm, P.A. today announced that it has filed a class action lawsuit on behalf of those who purchased the securities of Jiangbo Pharmaceuticals, Inc. (NASDAQ: JGBO) during the period from May 17, 2010 through May 31, 2011. The lawsuit is seeking to recover investors' damages from violations of the federal securities laws.

To join the Jiangbo class action, visit the Rosen Law Firm's website at http://www.rosenlegal.com, or call Phillip Kim, Esq., or Laurence Rosen, Esq. toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com or lrosen@rosenlegal.com for information on the class action. The case is pending in the U.S. District Court for the Southern District of Florida.

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 Complaint asserts violations of the federal securities laws against Jiangbo and its officers and directors for issuing false and misleading information to investors about the financial and business condition of the Company and its lack of internal controls. On May 31, 2011, Nasdaq halted trading in the Company's stock. Following the trading halt, the Complaint alleges that numerous other red flags of fraud became known to the market, including the resignation of certain of the Company's directors.

If you wish to serve as lead plaintiff, you must move the Court no later than September 14, 2011. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com. You may also visit the firm's website at http://www.rosenlegal.com.

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

Contact Information

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