CASES
Keyuan Petrochemicals, Inc.
Class Period: Aug 16, 2010 to Oct 7, 2011
Lead Plaintiff Deadline: Jan 16, 2012 + Deadline passed
Summary of Case:
A securities class action has been filed against Keyuan Petrochemicals, Inc. ("Keyuan" or the "Company") on behalf of investors who purchased the common stock Keyuan between August 16, 2010 to October 07, 2011. This case has been filed in the USDC - California (Central).
The Complaint asserts violations of the federal securities laws against Keyuan and its officers and directors, for issuing materially false and misleading financial information. During the Class Period the Company failed to properly disclose material related party transactions that rendered the Company's periodic reports filed with the SEC false and misleading. The Complaint alleges that this adverse information caused Keyuan's stock price to lose nearly half of its value-- devastating 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.