CASES
Sino Clean Energy, Inc.
Class Period: Apr 6, 2009 to May 5, 2011
Lead Plaintiff Deadline: Jul 5, 2011 + Deadline passed
Summary of Case:
A securities class action has been filed against Sino Clean Energy, Inc. ("Sino Clean" or the "Company") 0n behalf of all persons who purchased the common stock of Sino Clean from April 6, 2009 through May 5, 2011. This case has been filed in the USDC - California (Central).
The complaint alleges that Sino Clean Energy, Inc. (the "Company") and its officers and directors issued a materially false and misleading financial statements to investors. According to the Complaint, between April 25 and April 28, a report was disseminated allegedly showing little or no activity in the Company's factories. On May 1, a further report was published showing that the Company's Chairman may have violated U.S. and Chinese law by defrauding Chinese investors, exposing the Company to civil and criminal liability. On May 3, the Company issued a "rebuttal" and invited investors to view video evidence of activities in its plants. On May 4, reports surfaced that the Company's video evidence was inconsistent with meteorological conditions. The Company's stock price fell, damaging investors.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.