China Gerui Advanced Materials Group Ltd.
The Rosen Law Firm is investigating potential securities fraud claims against China Gerui Advanced Materials Group, Ltd. On October 28, 2011, Prescience Investment Group ("Prescience") issued a report alleging that CHOP had misrepresented its financial results for 2007 and 2008. Prescience cited financial statements CHOP filed with Chinese regulators that showed CHOP had actaully earned materially lower revenue and income.
When news of the allegations of fraud in the Prescience report reached the market, CHOP's stock price dropped substantially, causing CHOP investors to suffer losses.
As a result, the Rosen Law Firm is preparing a securities class action lawsuit to recover the losses suffered by CHOP investors.
To join the proposed class action to recover your losses in CHOP stock, please click on the link below
